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Mortgage rates still at rock bottom
Sat, Sep 06, 2008
The Straits Times

HOMEBUYERS and sellers, hit by the recent market malaise, have at least one comforting constant in a market plagued by uncertainty - low interest rates.

Despite various economic woes - inflation, volatile oil prices, slowing economic growth - Singapore's banks are continuing to offer rock-bottom mortgages.

The latest to reaffirm Singapore's low interest rate home loans environment was Malayan Banking (Maybank), which yesterday launched a new three-year variable home loan that offers a low interest rate of 1.68 per cent a year for the first year.


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