Singapore Mortgage Rates Rise Amid Fed Hike

Singapore's mortgage rates have increased after the US Federal Reserve raised interest rates for the first time in three years.

Major banks in Singapore, including Maybank, OCBC, and Standard Chartered, have adjusted their fixed-rate loan offerings to reflect the changes in market conditions.

The highest fixed rate among major banks is 2.55 per cent for a three-year package from Maybank, while OCBC's two-year fixed-rate option stands at 2.08 per cent.

Homeowners who opt for floating rates will also see an increase, with the Singapore Overnight Rate Average (Sora) hovering around 1.2 per cent.