No more cheap mortgages as banks raise rates
No more cheap mortgages as banks raise rates SINGAPORE: Hike of up to 1 percentage point for some fixed rate packages to 3.98%. The days when you could lock in cheap mortgage rates for the first year or two seem to be over, now that banks have quietly jacked up rates for new fixed-rate loans. Just five months ago, banks were dangling teaser rates on the first year of their fixed-rate home loan packages. Maybank had a package that offered 1.68 per cent, while United Overseas Bank’s (UOB’s)
More: continued here
Tags: Bank, Home, Loan, Maybank, Mortgage, Mortgages