Why SIBOR went up?

[ngl2010]

Why SIBOR suddenly went up drastically? Do you think it will go up further?

[Rejoin]

Yes, it will go up further. Better not to buy property.

[jojoberry]

Why SIBOR suddenly went up drastically? Do you think it will go up further?

falling oil prices

[PIS]

SIBOR up 13.5% but SOR is 233.5%.....therefore....those in SOR may have to think of refinancing....

Monitor Federal Reserve's rate....likely to increase in 2015.

[Jennifer]

Read the Sunday Times today, page 27 n 28 .

[starlight1968sg]

Read the Sunday Times today, page 27 n 28 .

No papers at home

[Jennifer]

I called CitiBank today and learnt that there are 1-month, 3-months, 6-months and 12-months SIBOR rates.

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

[ngl2010]

I called CitiBank today and learnt that there are 1-month, 3-months, 6-months and 12-months SIBOR rates.

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

Jennifer, have you asked other banks for their housing loan interest rate?

The recent promotion by POSB for 1.88% interest rate for fixed deposit and also some fixed deposit promotion by other banks actually made me sweat. That means the cost for borrowers will go up too. But I am not an expert so I maybe wrong.

[Jennifer]

I called CitiBank today and learnt that there are 1-month, 3-months, 6-months and 12-months SIBOR rates.

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

Jennifer, have you asked other banks for their housing loan interest rate?

The recent promotion by POSB for 1.88% interest rate for fixed deposit and also some fixed deposit promotion by other banks actually made me sweat. That means the cost for borrowers will go up too. But I am not an expert so I maybe wrong.

We just passed the 3 years period. So yet to check with other banks.

[dagong99]

Received interest revision advice from bank yesterday. Up from 1.128% to 1.44%. Up by 0.312%.