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Mortgage Rates Dropped And What I’ll Be Doing

Keep It Real (Estate) 2.1K 49 27 Sep 2024

Video description from @marcusluahrealestate

Today, I am going to share with you my point of view about the Feds reducing interest rates again! We will discuss the recent article that came out on the 20th of September as well as share some additional information on how the interest rates behave along with the economy. Lastly, what you should be doing as a buyer or seller in the Singapore property market.

Link to SORA (Singapore Overnight Rate Average):
https://www.mas.gov.sg/-/media/mas/sora/sora-key-features-and-calculation-methodology.pdf

Fixed rate vs floating rate in Singapore:
https://tradingeconomics.com/united-states/interest-rate

TimeStamp:
0:00 Introduction
0:04 Brief rundown on article
0:50 Video sequence
1:05 TLDR version of the article
2:15 Infographic on how the interest rates will be till end of 2026
3:01 What happens to property prices at that point when its 2%
3:44 Additional information on how typically the interest rates behave along with the economy
4:44 Fixed Rate vs Floating Rate
5:44 List of Interest rates sorted from lowest to highest
5:59 What you should be doing as a buyer or seller
6:03 3 Golden Principles
6:17 Seller looking to downgrade from your existing property
6:43 Looking to upgrade from your current property?
7:03 Are you looking to buy?
7:20 Looking to enter the market?
7:57 First time buyers or someone looking to upgrade from Condo to Landed
8:14 Final remarks


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