Yen Kai's Idea Cast

Tag: SOR

  • World’s End Close

    World’s End Close, Edinburgh The events in the past week may be telling us that we could be one step closer to the end of the world. Ok, that’s a bit of an exaggeration, but these were significant events. US just lost its AAA rating for the first time. That means a loss of confidence…

  • SOR 3m dived almost 17%

    The title says it all, the 3-month SOR just dived almost 17% to 0.187!!

  • Stronger SGD brings SOR lower

    SOR 3-months has just fallen from 0.25% to 0.23% over the last 3 trading days as the Singapore Dollar (vs USD) rises from 1.2885 to 1.27966 over the same period.

  • SOR landed in all-time-low territory again

    With the US bent on devaluating the USD and MAS allowing the SGD to appreciate, SOR was driven into its all-time-low territory again, coming in at 0.247% on 3 Nov 2010. Moreover, the Feds initiated a fresh round of measures to spur the US economy, keeping rates at 0-0.25% for an “extended period” and launching…

  • SOR does a V-turn after hitting bottom

    SOR slid dramatically to 0.258% on Aug 23, arguably the historical low of all times, then sprang up again to above 0.3%. Incidentally, the 3-month USD Libor rate is also at 0.3% and has been falling and staying low. Exchange rate wise, USD/SGD has been stable at around 1.35 and probably did not play a…

  • Cheaper home loans makes the news

    News about home loan rates appear in the newspaper very sparingly, and this just happened last Saturday, showing up in the Straits Times with the headline “Cheaper home loans in store”. In a gist, the article says that “KEY interest rates that determine mortgage levels have fallen steeply, promising cheaper home loans but even leaner…

  • SOR/SIBOR pegged loan exit strategy

    I have mentioned in my previous post that those of us who have taken up a SOR or SIBOR pegged loan may find ourselves at risk of having to pay a 1.5% penalty when doing a full redemption not on the rate repricing date.

  • SOR all time low 0.31% (updated)

    SOR fell to 0.31%, presumably the all time low. This is probably a result of the revaluation of SGD against USD from 1.39 to below 1.38, which makes it cheaper to repay loans denominated in US dollar.

  • My Home Loan Report Card (Yr 2)

    Time flies and before you know it, the second year of my SOR-pegged loan is drawing to an end. The chart above shows my home loan interest rates over the past 2 years.

  • Loan packages on offer

    As promised, here are the details of the loan packages i have been offered: Bank A (Refinancing, quoted on 12 Feb)