Singapore Interest Rate Trends 2026: Bank Mortgage Rate Guide | Homejourney
Singapore interest rate trends in 2026 show mortgage rates averaging 1.1–1.3% for floating options, with fixed rates starting from 1.30% for qualifying loans, down from 2022 peaks above 4%.[2][4]
This Singapore Interest Rate Trends and Mortgage Planning: Bank Rate Comparison Guide helps first-time buyers, refinancers, and investors compare DBS, OCBC, UOB, and more via Homejourney's transparent platform. As part of our pillar on Singapore mortgage planning, it delivers actionable steps for rate planning amid MAS interest rate shifts.
Current Singapore Interest Rate Trends and SORA Overview
Singapore's mortgage market uses SORA (Singapore Overnight Rate Average) as the key benchmark since phasing out SIBOR, reflecting actual overnight interbank costs for more transparent floating rates.[1][2]
3-month and 6-month SORA packages adjust monthly or quarterly. As of February 2026, rates hover at 3-year lows, with bank loans now below HDB's fixed 2.6% rate, prompting switches to bank financing.[2][5]
Homejourney tracks live 3M and 6M SORA rates daily on our bank rates page, ensuring you time refinancing or new loans safely in a trusted environment.
The chart below shows recent interest rate trends in Singapore:
Rates have eased sharply into 2026, with fixed packages becoming competitive below 1.8% for loans over S$500,000, driven by lower funding costs and MAS policies.[1][4]
Fixed vs Floating Mortgage Rates: Pros, Cons, and Who Should Choose What
Fixed rates lock in payments for 1-3 years, ideal for risk-averse buyers like first-time HDB upgraders wanting stability amid economic uncertainty.
Floating rates (SORA + spread) offer potential savings if rates fall further but fluctuate with market changes, suiting investors comfortable with repricing.
| Type | Pros | Cons | Best For |
|---|---|---|---|
| Fixed | Predictable payments; No volatility | Higher initial rates; Lock-in penalties | First-time buyers, stable income families |
| Floating (SORA) | Lower average rates; Flexible repricing | Payment uncertainty; Rate rise risk | Investors, rate optimizers |
Rates vary by borrower profile, loan size, and property type—HDB flats face CPF rules, while private properties allow wider options.[1]
Bank Rate Comparison: DBS, OCBC, UOB, and More in 2026
Major banks offer competitive packages. For resale condos (Feb 2026), top 2-year fixed rates include promos at 1.45-1.50% (EMI), Maybank 1.65%, SCB 1.68%, HSBC 1.70%, DBS 1.75%.[3]
- DBS: 2-year fixed at 1.75%, strong for HDB with POSB options; 3-year fixed at 1.55% with no early repayment penalty.[3][5]
- OCBC: Flexible prepayments, 2-year fixed ~1.65% for larger loans.[1][3]
- UOB: Competitive floating SORA + spreads from 1M SORA +0% (~1.09%).[4]
- HSBC/Standard Chartered/Maybank: Fixed from 1.55-1.70%, cash rebates S$2,000-2,800 for loans >S$1M.[3][4]
- Others like CIMB, RHB, Public Bank, Hong Leong, Citibank offer similar tiers.
Compare all side-by-side on Homejourney's bank rates page—submit one Singpass application for personalized offers from partners, prioritizing your safety and transparency.
Mortgage Rate Forecast 2026 and Rate Planning Steps
Mortgage rate forecast for 2026 predicts continued easing if US rates fall, but volatility persists—plan for 1M SORA +0.25% (~1.36%) floating lows.[4][5]
Assess risk tolerance: Conservative? Lock fixed now. Optimistic? Go floating and reprice annually. Factor TDSR (60% debt cap), LTV limits.
- Check eligibility with Homejourney's mortgage calculator.
- Track SORA on Homejourney.
- Compare banks, apply via Singpass for instant verification.
- Time lock-in end for refinancing—bank rates beat HDB's 2.6%.[5]
- Consult Homejourney Mortgage Brokers for tailored advice.
Link to our pillar: Singapore Interest Rate Trends 2026: Mortgage Planning Guide by Homejourney ">Singapore Interest Rate Trends 2026: Mortgage Planning Guide for full coverage.
FAQ: Singapore Interest Rate Trends and Mortgage Planning
What is the mortgage rate forecast for 2026?
Rates expected to stabilize at 1.1-1.7%, with floating SORA-linked options potentially dipping further if global easing continues.[2][4]
How do I compare bank rates safely?
Use Homejourney's bank rates comparison for real-time DBS, OCBC, UOB views—verified data, no hassle.
Fixed or floating for HDB resale?
Floating for savings potential, fixed for stability; calculate via our tool to match your budget.
Can I refinance from HDB to bank loan?
Yes, if rates suit—bank options now under 2.6%, but no HDB return; check Homejourney eligibility first.[5]
Disclaimer: Rates change; this is not financial advice. Verify with banks and consult professionals. Homejourney verifies data for your confident decisions.
Plan your interest rate trends Singapore strategy with Homejourney—visit bank-rates to compare, calculate, and apply securely today. Search properties at Homejourney search within your budget.
