Singapore banks started raising interest rates for home loans

Xinhua, 17 Jul 2013
SINGAPORE, July 17 (Xinhua) -- Some of the banks in Singapore have recently raised the interest rates for fixed rate home loans they offer, a local newspaper reported on Wednesday.
Maybank raised its three-year fixed rate for a mortgage by 0.1 percentage point on Monday, while ANZ lifted its two-year rate by 0.17 percentage point, the Straits Times reported.
Some other banks appear to have pulled their fixed-rate packages off the shelf. Citi used to offer a fixed-rate loan but stopped officially offering fixed-rate mortgages last month. Standard Chartered no longer offers fixed-rate mortgages, either, said the report. Full story
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