Demand for housing loans from HDB expected to grow as bank rates rise

Some bank loan packages are now priced above the Housing Board's rate of 2.6 per cent per annum. ST PHOTO: KUA CHEE SIONG
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SINGAPORE - HDB housing loans, currently offered at 2.6 per cent per annum, are emerging as a more attractive and stable option for risk-averse owners as mortgage rates from private banks rise.

Banks have been increasing their housing loan rates since the US Federal Reserve raised interest rates by 75 basis points on June 16.

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