The Afternoon Update with Lynlee Foo (1pm – 4pm)The Afternoon Update with Lynlee Foo (1pm – 4pm)

DBS, OCBC, UOB raise fixed home loan rates to up to 4.5%: What home buyers need to know

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Home loan rates have shot past the 4 per cent mark after DBS Bank, OCBC Bank and UOB raised their fixed-rate packages.

Of the three local banks, UOB now has the highest rates, with its two-year fixed-rate package at 4.5 per cent a year.

Rachel Kelly speaks to Chor Khieng Yuit, Senior Correspondent, Straits Times to find out more.

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