• SOR plunges to 0.44%

    Here’s a newsworthy event – The 3-month SOR fell to 0.44% yesterday. This is a whopping drop of 1.1% over the last 3 days! This makes SOR more attractive than SIBOR (3-month) which continues to hold at 0.69%. In fact, at 0.44%, the 3-month SOR is at the same level as the 1-month SIBOR. The…

  • Interest Rate Roundup

    The recent property buying frenzy has given rise to increased interest in interest rates, as evident from the higher traffic volume to this blog (thanks for visiting!). I reckon it’s time to do a roundup on interest rates.

  • Another day, another record

    SOR hits yet another low, at 0.59%. And this happens on my SOR-pegged home loan re-pricing date, bringing the interest rate down to 1.35% for the next 3 months. This is simply amazing. Previously i had been very tempted to switch over to the home loan package pegged to the 1-month SIBOR rate which, at…

  • SOR at new low of 0.67%

    SOR just broke through the previous recorded low of 0.68% set on 27 Nov 2008 to hit 0.67% on 27 May 2008, exactly half a year later. One of the driving factors for this is of course is the diving Libor, which happens to be hovering at a range (0.66-0.68%) similar to SOR.

  • US mortgage rate falls to record low

    Quite a bit has happened in the past few weeks. The Federal Reserve took the unconventional step of buying treasuries in a bid to lower interest rates. It seems to have worked, as mortgage rates in the US to fell to a record low. Analysts expect Bernanke to continue buying treasuries and keep rates low.

  • SOR rising steadily

    SOR has been on the rise, probably in tandem with Libor as well as USD/SGD exchange rates, while SIBOR continues to hold still at 0.69%. This highlights the difference between market vs. policy driven interest rates.

  • Home loan rates on the rise

    Having done the latest round of online survey, i noticed that generally home loan rates are on the rise. Given that SIBOR is quite low now, banks may be making up for it by charging a higher margin. Even though many loans are tied to SIBOR, I suspect that the funds made available for home…

  • Falling bond prices send yield higher

    Bond prices fell following the US Treasury announcement to issue more bonds and more frequently, sending the ten-year note yield above 3%. Even the shorter-term 2-year note yield and the Libor 3-month rate have been trending up.

  • Singapore SOR and Sibor takes a dip

  • Difference between SIBOR and SOR

    Quoting from the SIBOR wikipedia entry, SIBOR stands for Singapore Interbank Offered Rate and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market).