Mortgage loan refinancing and repricing activity by private home owners and Housing Board flat owners picked up significantly in 2024 after fixed mortgage loan rates fell below 3 per cent from the second quarter.

Following the US Federal Reserve’s successive rate cuts from September 2024, local banks told The Straits Times that they saw a more pronounced increase in mortgage loan refinancing and repricing transactions.

But the question remains: Will mortgage interest rates in Singapore continue to come down in 2025? And what does that mean for homeowners?

On The Big Story, Hongbin Jeong speaks with Clive Chng, Associate Director, Redbrick Mortgage Advisor.to find out more.