US Fed Interest Rates likely to hit 3.4% in 2022. Song Bo. Singapore mortgage will be how much??

[abbakonghee]

https://tradingeconomics.com/united-states/interest-rate

The Federal Reserve increased the funds rate by 75bps to 1.5%-1.75% during its June 2022 meeting, instead of 50bps initially expected, after the inflation rate unexpectedly accelerated last month to 41-year highs. It is the biggest rate increase since 1994, and Chair Powell signaled a similar move could come at the next meeting but he does not expect 75bps moves to be common. Policymakers see interest rates increasing to 3.4% this year, well above 1.9% expected in March.

----

Bankers come in.. SG retail mortgage rates will be how much? Still need to factor in bank premiums.

----

** (my 2 cents) **

Personally I don't think property prices will drop much, if at all, despite interest rates. This is because our govt's bto policy isn't changing, and hdb prices are rock solid at 2.6% interest rates and hence lower benching private properties...

But if u are buying for the rental yield now, now might not be the best time. Don't listen to those property agents..

My personal prediction is that property prices will continue to GROW, but at a much smaller pace compared to past 3 years. Just look at the number of China and other Asians queuing to come here.

I predict by end of year Singapore bank floating at 2.8%, fixed at 3.5%

 

[nyvrem]

2% max nia

no need worry

 

[abbakonghee]

2% max nia

no need worry

How does that work?

 

[jericho75]

Dun worry buy more now

 

[Plow98]

2% max nia

no need worry

Better support your declaration
Or kenna leeport.

 

[Johnpierpontmorgan]

Next year rate cut.. plus qe 6

Thank me later

 

[abbakonghee]

2% max nia

no need worry

Dun think it will be 2%. I dun know how to calculate cus I'm neither an agent nor a banker. I feel closer to 3.5% cus bank still need premium.

 

[kamhwee72]

2% max nia

no need worry

Where did you pluck this number from?

Base on your decades of civil service?

 

[jericho75]

Better support your declaration
Or kenna leeport.

Ask him pay the additional money from the increase lor.

 

[randomph]

Who cares? Sinkies are rich, ain’t going to bother about interest rates rising and mortgage interest going up. Boh feel one

(Real talk - usually sgd gov yields are lower than the usd, but mortgage yields and bank FD rates are going to be likely higher than gov yield by a slight margin and then some)

 

[aarontansp]

Time to huat stocks.

 

[abbakonghee]

Who cares? Sinkies are rich, ain’t going to bother about interest rates rising and mortgage interest going up. Boh feel one

(Real talk - usually sgd gov yields are lower than the usd, but mortgage yields and bank FD rates are going to be likely higher than gov yield by a slight margin and then some)

Yes that's why I predict end year mortgage to be around 3.5% fixed, 2.75% floating.

 

[jericho75]

Next year rate cut.. plus qe 6

Thank me later

If no then leeport u.

 

[Vincentlow82]

Actually 3.4% is not enough , need at least 4% this year. Then follow by recession next year.

 

[abbakonghee]

Those who buy hdb using hdb loans finally can laugh at private owners like me. Song bo?

 

[TheDarkKnight]

Gd to finally see some normalcy in interest rates since 2009

 

[abbakonghee]

Actually 3.4% is not enough , need at least 4% this year.

Next year might touch 5%. Then we will see who is truly rich (probably China people who bought with full cash).

 

[hachi]

But 1 mil 2% only additional 16k? Marginal buyers that use money they don't have get to the top 20%°° Cham lor.

 

[jericho75]

Who cares? Sinkies are rich, ain’t going to bother about interest rates rising and mortgage interest going up. Boh feel one

(Real talk - usually sgd gov yields are lower than the usd, but mortgage yields and bank FD rates are going to be likely higher than gov yield by a slight margin and then some)

In case u have forgotten. 2019 when rates goes to 2.5 alot of ppl stopped buying and cov for resale scrapped.

 

[abbakonghee]

Those families that have 2x property loans, you better start worrying. Heng I'm in fixed until 2024 end year.