Entries by Darren Goh

Australia Interest Rates Free Fall?

RBA, the central bank of Australia, has cut interest rate last week (4 Oct) as widely expected for the third time in less than 6 months – the official cash rate has now crashed below 1% to 0.75% following consecutive cuts back in June and July. The Big Four banks of Australia – CBA (Commonwealth […]

Are Free Conversions Really Free?

First, what is a free conversion? Simply put, a free conversion means changing one’s home loan package (or repricing) within the existing bank without being slapped with the typical repricing admin fee which these days could range anywhere from $300 to $800. Free conversions are not new as a home loan feature, as banks vie […]

US Fed Walks A Tight Rope

Following its latest FOMC, US Fed has cut by another 25 basis points for the second time after first cutting rates back in July.  This brings the federal funds rate back to below 2%.  And it is ready to do another cut before the year is over as it signalled its resolve to “act as appropriate to […]

Singapore Property Market 2019 1H

At MortgageWise.sg, we try to provide our property investor clients with a snapshot of the performance of Singapore residential property market regularly through our own basket of condos which will provide supplementary insights in a more meaningful and personal way than a mere broad-based index from URA. Properties are not created equal and some will rise or fall more than others. MORTGAGEWISE’S BASKET […]

SIBOR 1-Month Or 3-Month?

We have been getting that question more often as 1-month SIBOR and 3-month SIBOR converged at the 1.88% level in recent weeks (as at 19 Aug 2019).  So, I thought it may be good we give our take in this blog. As our views and recommendations are always backed by data, we will take a […]

Local Banks’ Mortgage Books 2019 1H

All three local banks DBS, OCBC and UOB have just reported their financial results for first half of 2019.  We present our usual snapshot of the key indicators for their mortgage books. Some may be wondering why do we monitor the three local lenders’ mortgage portfolios? We are probably the only mortgage consultancy firm that does […]

US Fed Cuts Rate!

In line with our expectation last month, US Fed has just announced a quarter percentage cut to its Fed funds rate to bring it down to within a range of 2% to 2.25%.  But this was much smaller than what the market has expected (a cut of 0.50%) and hence leading to a slight sell-off on […]

Fixed Rates Fallen Below 2%!

To be more precise, that’s for the Year 1 headline rate.  By now some might have heard about the latest National Day promotional home loan package rolled out by DBS this week which is a 3-year fixed rate package that comes with a free conversion after the first year: Well, we seemed to have a […]

FDR Still Going Up?

As the thought leader in all things mortgage in Singapore, we track closely any movement in interest rates amongst lenders. The latest bank to announce a slight revision up to its FDR (fixed deposit rate) home loan peg is StanChart – by a mere 15 basis points increase this time. Here’s a closer look at the increases […]