Limbo rock – how low can you go?

How low can you go?

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.

Historical sibor trend

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