Residential buildings at a Housing & Development Board (HDB) public housing estate in Singapore, on Tuesday, Aug. 20, 2024. Photographer: Ore Huiying/Bloomberg
SINGAPORE: Mortgage loan refinancing and repricing activity by private home owners and Housing Board (HDB) flat owners picked up significantly in 2024 after fixed mortgage loan rates fell below 3% from the second quarter.
Following the US Federal Reserve’s (Fed) successive rate cuts from September 2024, local banks told The Straits Times that they saw a more pronounced increase in mortgage loan refinancing and repricing transactions.
