Home loans may creep up next year: analysts

Home loans may creep up next year: analysts

SINGAPORE: Interest rates in Singapore may rise - from their lowest levels in 40 years - as early as March next year, according to analysts. They say home loan refinancing is surging, but bank profitability and the rising cost of funds offshore may force the banks' hand. Banks could be forced to raise their home loan interest rates as early as six months from now. Low rates have hurt their profitability and they will not bear the razor-thin margins for ever.

Full article: http://singaporenewsalternative.blogspot.com/2011/09/home...

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