15 Aug '11, 5pm

Housing mortgage loan as an inflation hedge?

The US Fed has gamely revealed their poker hands for the next 2 years – rates will remain low. No surprise this decision is not unanimous! 3 out of 10 committee members dissented – the biggest split in 20 years. Talk about living in unusual times! What is your housing mortgage loan rate? What’s the inflation rate in Singapore now? I will soon have some spare cash by December of this year due to a recent “enbloc” of one shares counter in my portfolio. It’s more than enough to cover my remaining SGD 70,000 HDB loan. Would I pay up my HDB loan in advance and save on the 3.75% loan interests annually? No way! At least for the next 2 years anyway… Singapore’s bank rates are influenced by US rates. So savings and loan rates will remain depressed. Add to money printing in US, I don’t think inflation will go down anytime soon. More on the upside unless MAS allows our Sing dollars ...

Full article: http://thefinance.sg/2011/08/16/housing-mortgage-loan-as-...

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