SINGAPORE, June 6 (Xinhua) -- Singapore's home loan interest rates have risen marginally over the past half year as banks seek to shore up profit margins amid low market rates, the Straits Times reported on Thursday, citing industry observers.
The increase so far has been small, but there is worry that market interest rates could shoot up over the coming months in tandem with improving global economic conditions.
After factoring in changes to both the market rates and premium rates, overall interest rates have risen by 0.17 to 0.27 percentage point across all banks in Singapore since January, said Mr Desmond Chua, head of online home financing service LoanGuru. com.sg. Full story
