What rising interest rates and property prices mean for homebuyers here

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Home owners here will face higher mortgage repayment since interest rates have been continuously raised by banks. Lenders are following the US Federal Reserve making three rate hikes this year to address the upsurge of inflation. In Powering Your Property, Prime Time's Timothy Go spoke with Nicholas Mak, Head of Research & Consultancy, ERA Real Estate to find out where mortgage rates in Singapore are headed and what homeowners should do.

 

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