Wednesday, September 26, 2007

Increase in HDB mortgage rate soon?

Been wondering if the HDB mortgage rate would go up along with the increased CPF interest rate.
Checked and found this article, which says the next revision would be in January 2008. Based on their usual practice of charging mortgage interest at 0.1% above their interest rate, does it mean our CPF mortgage rate would go up by 1 percent too??

Sharks. Shoots.
My loan is greater than what i have in CPF.
=(

Hope not.
Has anything been announced yet?

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