SIBOR rates and home loan repricing

[Angcheek]

sian. share info with others also kanna caught by sifu.

 

sorry, next time dun dare already.

 

btw, my job is not finance la. Why would you think that?

You part time ah Long ?

[Enye]

Two CFO calibres spotted.

 

CFO?  impossible...i don't even have any accounting or finance qualifications

 

just a cheapo storeman/caretaker

 

Edited August 8, 2019 by Enye

[Angcheek]

Any bank having good promo for refinance

[Dp26]

Interest below 2% for some fixed rates now

[Angcheek]

Just heard rates are going down .... 

 

OCBC 2 yr fix 1.86 

[Theoldjaffa]

1 hour ago, Angcheek said:

Just heard rates are going down .... 

 

OCBC 2 yr fix 1.86 

Fixed rate is lower than floating rates now.

i wonder what it means.

[Volvobrick]

11 minutes ago, Theoldjaffa said:

Fixed rate is lower than floating rates now.

i wonder what it means.

Banks expect interest rates to go down.... 

But some allow repricing in year 2 for fixed rates. So enjoy the lower fixed rate first! 

[Angcheek]

1 hour ago, Theoldjaffa said:

Fixed rate is lower than floating rates now.

i wonder what it means.

Avoiding people from defaulting 😅😅😅

[Kusje]

7 minutes ago, sgcarmart2019 said:

fixed rate lower than floating rate does not mean 'avoid people from defaulting'

what it means is banks expect rates to go down from current level, thats why they want to lock in customers before rates drop further

conversely, in a rising-interest rate environment, banks will offer fixed rate higher than floating rate so that customers tend to choose the 'better' floating rates; but when interest rates start to increase, those under floating package will have to pay more interest

 

this is the first post from you that has some sense (that i've seen)

[Angcheek]

8 hours ago, sgcarmart2019 said:

fixed rate lower than floating rate does not mean 'avoid people from defaulting'

what it means is banks expect rates to go down from current level, thats why they want to lock in customers before rates drop further

conversely, in a rising-interest rate environment, banks will offer fixed rate higher than floating rate so that customers tend to choose the 'better' floating rates; but when interest rates start to increase, those under floating package will have to pay more interest

 

🙄

[Ash2017]

30 minutes ago, Angcheek said:

🙄

what happen to you Angcheek

got eye problem again

 

did BanCoe gave you something to eat 

[Angcheek]

2 minutes ago, Ash2017 said:

what happen to you Angcheek

got eye problem again

 

did BanCoe gave you something to eat 

No he didnt ......... He did not give me the free Bento from the run 

🙄

[Ash2017]

5 minutes ago, Angcheek said:

No he didnt ......... He did not give me the free Bento from the run 

🙄

cheapo spotted

 

[D3badge]

On 11/6/2019 at 11:00 PM, Angcheek said:

Just heard rates are going down .... 

 

OCBC 2 yr fix 1.86 

HSBC 1.85% fixed

[D3badge]

On 11/7/2019 at 12:08 AM, Theoldjaffa said:

Fixed rate is lower than floating rates now.

i wonder what it means.

Global interests rate all coming off, eg. US, China, India, Indonesia, Aus, NZ. And many others nation this year, SG will follow suit too. 
 

eg. AUS has become record Low likely to be like EURO Low for Long . 
 

my bet is go, for floating loan and deposit are bread and butter business for bank and they won’t shoot themselves in the foot

[dolemite]

3 hours ago, Ash2017 said:

cheapo spotted

 

lol, good one😁