Housing Loan Singapore

www.Housingloansingapore.com

Providing online home loan services since 2009

SIBOR or SOR?

SIBOR is generally more stable while SWAP tend to fluctuate more. However 3-month SWAP has recently stayed consistently lower than 3-month SIBOR for an extended period of time. SOR is also very reactive to currency exchange rates.

Definition

Singapore Overnight Rate Average (SORA)

See interest rate trends for the last 36 months
Enter your email below
Get Rates Trend

The Singapore Overnight Rate Average (SORA) is an index rate conceptualized to replace the swap offer rate as calculation of the latter is dependent on LIBOR.

And as LIBOR is being penciled to phased out by 2021, SORA would replace SOR without having a LIBOR variable.

SORA is essentially a volume-weighted average rate of unsecured overnight interbank Singapore dollar transactions in Singapore between between the house of 9:00 am and 6:15 pm.

If the characteristics of SOR is any indication of how SORA would behave, consumers can expect SORA to be volatile and very responsive to events that occur in international financial markets.

Want to see housing loan interest rate trends
for the last 36 months?

Enter your email below so we can send it to you.

Get Rates Trend

It makes absolutely no sense to pay more
than you have to on a home loan.

Find the best mortgage rates here
SEE RATES

Related Posts

What We Do For You

We Gather And Provide You Information On The Best Housing Loans In Singapore So That You Can Make A Better Decision Based On What Is Available In The Market

Which bank do you recommend for home loans in Singapore?

We don't recommend banks. We recommend you the best home loan that suits your profile and financial position.

How Does SOR Rates Hit Negative Value?

SOR rates are calculated with a complex financial formula, solved with simple algebra. The results of solving the equation therefore depends on the inputs used. Varying inputs that result from economic impacts and indicators can lead to negative value when the formula is solved. Key input indicators include USD/SGD spot rates and USD/SGD forward rates.

HDB loan or bank housing loan?

Our opinion is to always take a HDB concessionary loan if you are eligible for one. One of HDB's objectives is to to provide affordable housing for the people. While a bank is profit driven.

Which bank offers the best home loan deals?

Interest rates and spreads are not all that matter. Don't ignore the closing costs involved. Different banks can have different customized home loans for you. Don't be surprised if you will save more on a home loan that charges more interest because of the lesser closing costs involved. This is especially so if you know that you will refinance your home loan as soon as the lock in period has expired.

Want to see housing loan interest rate trends for the last 36 months?

Enter your email below so we can send it to you.


Get Rates Trend

It makes absolutely no sense to pay more
than you have to on a home loan.

Find the best mortgage rates here
SEE RATES
close-link

It makes absolutely no sense to pay more than you have to on a home loan.

Find the best mortgage rates here
VIEW TODAY'S RATES
close-link
Rate Trends

Want to see housing loan interest rate
trendsfor the last 36 months?
Enter your email below so we can send it to you.
Send
Close
Get Rates Trend

Get mortgage insights that no one else talks about.
Knowledge is most powerful when kept in a private group.
Enter your email and click submit
Submit

See The Best SG Home Loans

Enter your request below and we will contact you within 24 hours (usually sooner)

S