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Singapore mortgage refinance or getting yourself a new home or housing loans. Do you want to find out how Singapore’s economy sets the interest rates? How does SIBOR and SOR move in conjunction with the Singapore economy? Does the Singapore government Set target interest rates?

It is getting harder in Singapore to do Singapore mortgage refinance as more banks are withdrawing their promo rates in April 2010. For property buyers buying new properties, it is also getting harder as there are fewer choices to choose from.

Singapore banks are gradually withdrawing their promo housing and home loan rates and replacing it with less attractive rates. Although Sibor and Sor has stayed relatively stable, some banks are beginning to raise their lending margin.