Singapore Home Loan Rates Hit New High Above 2% Following Fed Hike

Home loan rates in Singapore have started to rise following the US Federal Reserve's recent interest rate hike, according to checks by The Straits Times.

Some fixed home loan rates have increased above 2% due to higher wholesale borrowing costs and the adjustment of bank rates.

Floating-rate loans are also expected to increase further with potential US rate hikes, but Singapore's managed currency policy and 'flush liquidity' may limit sharp rises in these rates.