Last week, The Business Times reported banks saying that home buyers are catching on that interest rates are rising, and more are taking up fixed rate loans. Amid the home-buying frenzy which has sent prices soaring, borrowers are locking in the interest rates for their mortgages although they cost more than the current floating rate loans. Property consultant Karamjit Singh, CEO of Showsuite and senior consultant at JLL gives his take.

<p>Last week, The Business Times reported banks saying that home buyers are catching on that interest rates are rising, and more are taking up fixed rate loans. Amid the home-buying frenzy which has sent prices soaring, borrowers are locking in the interest rates for their mortgages although they cost more than the current floating rate loans. Property consultant Karamjit Singh, CEO of Showsuite and senior consultant at JLL gives his take.</p>

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