Singapore Interest Rate Trends and Mortgage Planning: Bank Rate Comparison Guide
Singapore's home loan rates have hit 3-year lows in early 2026, with top fixed rates starting at 1.35% and floating rates from 1M SORA + 0.25% for qualifying loans.[2][3] This Singapore Interest Rate Trends and Mortgage Planning: Bank Rate Comparison Guide from Homejourney helps first-time buyers, refinancers, and investors compare options safely and transparently.
At Homejourney, user safety and trust come first—we verify rates daily and offer tools like our bank rates comparison to empower confident decisions. This cluster article dives into current interest rate trends Singapore, SORA forecasts, and bank comparisons, linking back to our pillar guide on comprehensive mortgage planning.
Understanding Key Mortgage Rate Types in Singapore
Singapore mortgages fall into fixed and floating categories. Fixed rates lock in for 1-3 years (e.g., 1.35%-1.75% in Jan 2026), shielding against hikes but reverting to higher floating after.[1][2] Floating rates track SORA—Singapore Overnight Rate Average—plus a bank margin (e.g., 3M SORA + 0.40%).
SORA replaced SOR in 2024 as the MAS-preferred benchmark, published daily by ABS. 1M SORA suits short-term stability; 3M or 6M for smoother payments. HDB loans remain fixed at 2.6% (CPF OA + 0.1%), but bank loans now beat this for many.[3][8]
The chart below shows recent interest rate trends in Singapore, tracking 3M SORA and key benchmarks over the past 6 months:
Rates have trended down following US Fed cuts, easing from 3.5%+ in 2024 to around 2.6% for 3M SORA now.[4][7]
Current Bank Rate Comparison: Fixed vs Floating (Jan 2026)
Homejourney tracks live rates from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, and more. Use our bank-rates page for side-by-side views updated daily.
| Bank | Loan Type | Year 1 Rate | Year 2 Rate | Min Loan |
|---|---|---|---|---|
| Promo (Various) | 2 Yr Fixed (Resale Condo) | 1.48% | 1.48% | $500k+ |
| Maybank | 2 Yr Fixed | 1.65% | 1.65% | $400k |
| SCB | 2 Yr Fixed | 1.68% | 1.68% | $500k |
| HSBC | 2 Yr Fixed | 1.70% | 1.70% | $500k |
| DBS | 3 Yr Fixed | 1.80% | 1.80% | $500k |
| Promo | 1M SORA + (Floating HDB) | +0.30% | +0.30% | Varies |
| Maybank | 3M SORA + (Refi) | +0.40% | +0.40% | $500k |
Note: Rates for loans $500k+; rebates $2k-$2.8k on refi. Always verify on Homejourney bank-rates as conditions apply.[1][2]
SORA Trends and Mortgage Rate Forecast 2026
3M SORA averaged 3.5-3.62% in 2024 but fell to ~2.63% by early 2026 amid global cuts.[4] Mortgage rate forecast: Expect rate prediction 2026 of 2.2-2.5% if US Fed continues easing, per market analysts—track via Homejourney's real-time SORA tools.
MAS interest rate policy remains steady, but SORA volatility ties to global liquidity. For HDB upgraders, bank floating now undercuts 2.6% HDB rate, spurring refis (e.g., DBS POSB HDB loan at 1.55% 3-yr fixed).[3]
Fixed vs Floating: Pros, Cons, and Who Should Choose What
- Fixed: Predictable payments; ideal for risk-averse first-timers. Con: Higher post-lock-in (e.g., reverts to SORA+1%). Best for 2-3 yr horizon.
- Floating (SORA): Lower initial rates; flexible. Con: Rises with SORA. Suits investors with cash buffers.
Risk-tolerant? Go floating for potential savings. Conservative? Lock fixed now. Assess via Homejourney's mortgage calculator.
Actionable Mortgage Planning Steps for 2026
- Check Eligibility: Use Homejourney calculator for borrowing power (TDSR 55% cap).
- Compare Rates: Visit https://www.homejourney.sg/bank-rates for DBS-UOB spreads.
- Time Refi/Reprice: Switch post-lock-in; save ~$500/month like DBS repricers.[3]
- Apply Smart: One-click Singpass app—get multi-bank offers instantly.
- Monitor Trends: Track rate planning with our SORA dashboard; link properties via property search.
Insider tip: For resale HDB in mature estates like Toa Payoh, prioritize 1M SORA +0.30% promos—saves $200+/month vs HDB loan.[1][8] Disclaimer: Rates fluctuate; consult Homejourney brokers for personalized advice. Not financial advice.
Homejourney: Your Safe Path to Smart Rate Planning
Trust Homejourney for verified rates, no hidden fees. Submit one app via bank-rates, connect with brokers, and pair with Projects for budget-matched homes. Explore our pillar: Homejourney: Singapore Interest Rate Trends & Mortgage Approval Tips 2026 .
FAQ: Singapore Interest Rate Trends and Mortgage Planning
What are current SORA rates in 2026?
1M SORA ~2.34%, 3M ~2.63% (early 2026); track live on Homejourney.[4]
Should I refi from HDB 2.6% to bank loans?
Yes if eligible—bank rates 1.55% save monthly, but no HDB revert. Use our calculator.[3]
Fixed or floating for rate prediction 2026?
Floating if expecting cuts; fixed for stability. Compare on Homejourney.[1][2]
How to compare bank rates safely?
Via Homejourney's verified tool—no data from untrusted sites. Apply Singpass-secured.[2]
What's the best rate for $1M condo loan?
Promo fixed 1.35% or 1M SORA+0.25%; rebates up to $2.8k. Verify today.[2]
Start your secure mortgage journey at https://www.homejourney.sg/bank-rates. Homejourney prioritizes your trust—feedback drives our updates.
