Homejourney SORA Rate Tracker: Live Rates for Smart Buyers
This definitive guide equips Singapore homebuyers and investors with real-time SORA rate tracking tools and insights to make informed financing decisions. Homejourney's SORA rate tracker delivers live SORA rates, 3M SORA and 6M SORA tracking, and rate alerts to help you monitor interest rates effectively in a fluctuating market.[1][2]
As the trusted platform prioritizing user safety and transparency, Homejourney verifies data from official sources like the Monetary Authority of Singapore (MAS) to build confidence in your property journey. Whether you're a first-time HDB buyer or refinancing a condo, this pillar content covers everything from SORA basics to advanced strategies.
Table of Contents
- What is SORA? Understanding Singapore's Key Benchmark Rate
- SORA vs SIBOR: The Complete Transition Explained
- 3M SORA vs 6M SORA: Key Differences and Tracking Guide
- Live SORA Rates and Historical Trends
- How SORA Affects Your Monthly Mortgage Payments
- Fixed vs Floating Rates: Pros, Cons and Decision Framework
- Compare Rates Across Major Singapore Banks
- Homejourney's SORA Tracker and Mortgage Tools
- SORA Rate Predictions for 2026 and Beyond
- Practical Tips for Monitoring Interest Rates
- Frequently Asked Questions
What is SORA? Understanding Singapore's Key Benchmark Rate
SORA (Singapore Overnight Rate Average) is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore, calculated between 8am and 6:15pm daily by the MAS.[6] Unlike forward-looking rates, SORA is backward-looking, based on actual transaction data, making it more transparent and representative of real market conditions.[1]
Introduced by MAS in 2019, SORA became the standard benchmark after SIBOR's discontinuation on 1 January 2025.[1][7] For homebuyers, SORA-pegged loans mean your interest rate is tied to this daily rate, compounded over 1-month, 3-month, or 6-month periods, plus a bank spread.
Homejourney's live SORA rates dashboard pulls directly from MAS data, ensuring you always have the most accurate SORA rate tracker for decision-making. This transparency aligns with our commitment to user trust and safety.
How SORA is Calculated
MAS validates eligible interbank transactions and computes the volume-weighted average. Compounded SORA rates (e.g., 3M SORA) are then derived for loan pricing, published daily on the MAS website.[1][6]
SORA vs SIBOR: The Complete Transition Explained
SIBOR, discontinued after 31 December 2024, was a forward-looking rate prone to manipulation risks. SORA replaced it fully by 1 January 2025, driven by the SC-STS committee for a standardized benchmark.[1][7]
Key differences: SORA reflects actual overnight transactions (risk-free), while SIBOR included bank credit risk. Most floating-rate home loans now peg to SORA + spread (typically 0.25%-1.0%).[2]
| Feature | SIBOR | SORA |
|---|---|---|
| Basis | Bank estimates | Actual transactions[6] |
| Tenors | 1M, 3M, 6M, 12M | Overnight, compounded 1M/3M/6M[1] |
| Status | Discontinued 2025 | Current standard[7] |
For existing SIBOR loans, banks offer conversion to SORA at no cost, often with similar effective rates. Check Homejourney bank-rates for personalized advice.
3M SORA vs 6M SORA: Key Differences and Tracking Guide
3M SORA compounds daily overnight rates over 3 months, offering more frequent adjustments (quarterly). 6M SORA uses a 6-month period, providing greater stability but less responsiveness to rate changes.[1]
3M SORA is popular for home loans due to balancing responsiveness and predictability. Use Homejourney's 3M SORA 6M SORA tracking to compare live rates.
| Aspect | 3M SORA | 6M SORA |
|---|---|---|
| Adjustment Frequency | Quarterly | Semi-annually |
| Volatility | Higher | Lower[1] |
| Best For | Rate-sensitive buyers | Stability seekers |
Live SORA Rates and Historical Trends
As of early 2026, rates have declined: 1M SORA ~2.68%, 3M SORA ~2.92%, 6M SORA higher at ~2.90% (March 2025 data).[1][3] In 2024, 3M SORA averaged 3.50%-3.62%; now trending down with US Fed cuts.[1][2]
The chart below shows recent interest rate trends in Singapore, highlighting live SORA rates movements over the past 6 months:
As visible, SORA has fallen sharply in 2025 due to liquidity and safe-haven flows, from ~3.3% end-2024 to ~1.65% by Aug 2025 (3M compounded).[4] Track these with Homejourney's SORA rate tracker for rate alerts.
How SORA Affects Your Monthly Mortgage Payments
Your effective rate = SORA + bank spread (e.g., 3M SORA 2.9% + 0.5% spread = 3.4%). For a S$500,000 HDB loan at 25 years, a 0.5% rate drop saves ~S$120/month.[2]
Under TDSR (Total Debt Servicing Ratio ≤60%) and MSR (Monthly Servicing Ratio ≤30% for HDB), lower SORA improves borrowing power. Use Homejourney mortgage calculator to simulate.
Example Calculation
S$800,000 condo, 80% LTV S$640,000 loan, 3M SORA 2.9% + 0.6% = 3.5% p.a. Monthly: ~S$3,200. If SORA falls to 2.5%, payments drop to ~S$3,050.
Fixed vs Floating Rates: Pros, Cons and Decision Framework
Fixed rates (1-3 years lock-in at 2.42%-3.50%) offer certainty; floating (SORA + spread 2.96%-3.73%) track market.[2] In falling rates, floating wins; rising rates favor fixed.
- Risk-Averse: Choose fixed or 6M SORA.
- Optimistic on Cuts: 3M SORA floating.
- Refinancers: Monitor via rate alert on Homejourney.[1]
Assess risk tolerance: If payments varying >10% stresses you, fix now. See Homejourney bank-rates.
Compare Rates Across Major Singapore Banks
Homejourney compares partners: DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, Citibank. Lowest fixed ~1.30%, floating 1M SORA +0.25% (~1.42%) as of Dec 2025.[8]
Visit https://www.homejourney.sg/bank-rates for side-by-side views, updated daily with monitor interest rates tools.
Homejourney's SORA Tracker and Mortgage Tools
Homejourney leads with real-time SORA rate tracking: View live SORA rates, set rate alerts, calculate payments. Submit one Singpass application for multi-bank offers.Homejourney: Benefits of Multi-Bank Application in One Click
- Track 3M SORA 6M SORA daily.
- Compare DBS to Citibank instantly.
- Apply via Singpass for fast verification.
- Link to property search for budget-matched homes.
Learn more in How to Use Homejourney Bank Rate Comparison in 2026 ">How to Use Homejourney Bank Rate Comparison in 2026 and How to Use Homejourney Mortgage Calculator: Step-by-Step Guide ">How to Use Homejourney Mortgage Calculator: Step-by-Step Guide .
SORA Rate Predictions for 2026 and Beyond
Analysts forecast 3M SORA at 1.5% end-2025, 1.2% end-2026 amid Fed cuts and liquidity.[3][4] However, US policy shifts could limit declines.[3] Homejourney's SORA rate tracker helps time refinancing.
Practical Tips for Monitoring Interest Rates
- Set rate alerts on Homejourney for 3M SORA drops.
- Refinance if spread <0.5% better (bank-rates).
- Factor TDSR/MSR with mortgage calculator.
- Monitor US Fed for global cues.[1]
- Consult Homejourney brokers for personalized plans.
Disclaimer: This is educational; seek professional advice. Rates fluctuate; Homejourney verifies data for safety.
Frequently Asked Questions
What is a SORA rate tracker?
A SORA rate tracker like Homejourney's monitors live SORA rates (3M, 6M) in real-time from MAS data, with alerts for changes.[1]
What are current live SORA rates in Singapore?
As of early 2026, 3M SORA ~2.9%, trending down. Check Homejourney for updates.[1][3]
How do I monitor interest rates for home loans?
Use Homejourney's monitor interest rates dashboard at bank-rates for daily tracking and comparisons.
3M SORA vs 6M SORA: Which is better?
3M for responsiveness, 6M for stability. Track both on Homejourney.[1]
How to set up rate alerts on Homejourney?
Sign up at https://www.homejourney.sg/bank-rates, select thresholds for rate alert notifications.
Will SORA rates drop in 2026?
References
- Singapore Property Market Analysis 1 (2026)
- Singapore Property Market Analysis 2 (2026)
- Singapore Property Market Analysis 6 (2026)
- Singapore Property Market Analysis 7 (2026)
- Singapore Property Market Analysis 3 (2026)
- Singapore Property Market Analysis 4 (2026)
- Singapore Property Market Analysis 8 (2026)
