According to a
News @9 report tonight, the 3-month SIBOR has hit 0.67863% today - the
highest in more than 6 years and 50% up since January.
This continual
SIBOR rally in recent months has pushed the home mortgage rate to between 1.5 -
2%. This is more than double compared to just one year ago.
However, market analysts have said that the current home mortgage rate is still comparatively low and unlikely
to reach pre-2008 crisis high (where SIBOR was hovering at around 3.5%) over
the next 5 years. So the SIBOR rally should not pose any major hardship to the "buy for rental" investors in the short to medium term, despite the higher monthly repayment expected.
No Comment to " SIBOR or SI-BULL..?! "