Fixed rate home loan no more?
I’m looking for the possibility to refinance housing loan to fixed rate. So, I called to all the bankers I know (OCBC, HLB, CIMB, PBB, UOB, EON & SCB) this afternoon to get more information.
The result was NIL. Yes, none of them offer fixed rate anymore. I was a bit surprise indeed.
Fixed rate 20 years (or 15 years or 30 years) home loan is now a relic . Even for package like fixed rate first 3 years and BLR thereafter was also stop since about 4th quarter 2010.
Fixed rate 20 years (or 15 years or 30 years) home loan is now a relic . Even for package like fixed rate first 3 years and BLR thereafter was also stop since about 4th quarter 2010.
The only possibility left is insurance company like ING or Great Eastern.
Is it a signal of interest rate hike in the coming future?
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