Mortgage rates are falling. And, thanks to Brexit, they may have further to fall.
For anyone with a fixed-rate mortgage, it does not mean anything. But if any of your borrowing is on a variable rate then it’s likely to be good news.
Home loans have hit record lows, with banks like DBS offering rates of one percent per annum. This is a return to levels not seen since Q1 2014. This will undoubtedly bruise landlords and home buyers who opted for fixed interest rate loans, in expectations of rate hikes.