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Home loan rates not coming down yet but banks offering more flexible mortgage packages
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Fixed rates from the three local banks currently range around 2.55 per cent to 2.75 per cent for loan sizes above $1.5 million.
PHOTO: ST FILE
SINGAPORE – The big cut in United States interest rates last week will have little short-term impact on home loans here.
Local banks said the 50-basis-point reduction by the US Federal Reserve had been expected and was already reflected in fixed-rate mortgage packages.
