Any Sor Packages Offer By Banks Now?

[Newie-X 1]

Any SOR packages offer by banks now?

Any one know?

[almonds 1]

The only local banks which used to offer SOR have withdrawn their SOR packages. If you dare, you can try Bank of China or ANZ. Can't remember which, but one of them was offering SOR.

[ZondaR 0]

The only local banks which used to offer SOR have withdrawn their SOR packages. If you dare, you can try Bank of China or ANZ. Can't remember which, but one of them was offering SOR.

No banks will use SOR from now, doesn't make sense since it dip below 0..

[matrix0405 0]

Why SOR sudden jump so high? From 0.1% to 0.3+%; 300% increase over a month.

[bepgof 20]

Why SOR sudden jump so high? From 0.1% to 0.3+%; 300% increase over a month.

SGX's definition on SOR: The SOR represents the effective cost of borrowing SGD synthetically through borrowing USD for 3 months and swap out the USD in return for SGD for the same maturity.

In simple terms, SOR is the projected interest rate it costs to you if you borrowed the same amount of money in USD instead.

Look at past 3 wks' trend, USD rate is on the rise from 1.206 to now 1.300. Many funds are used to chased after USD, like ppls chase after gold....

If you want SOR rate down, pray that USD exchange rate down first. Some pray it up, some pray it down. If you were God, who would you like to listen to and why?

Read this: http://www.yenkai.net/content/sor-home-loan-rate-how-it-works

and

http://smp-consulting.com.sg/smpc/?option=com_content&view=article&id=62

Edited September 26, 2011 by bepgof