<p>新加坡：新加坡的抵押贷款利率已降至三年来的最低水平，专家表示，房主的缓解可能会持续到 2026 年——尽管进一步的下降可能会很温和。这里的贷款机构通常会跟随美国联邦储备委员会的信号，上周三（12 月 10 日）该委员会进行了今年的第三次降息。对美国利率降低的预期使新加坡的住房贷款利率急剧下滑。2025 年初，固定利率贷款的利率约为 3.1%。根据 SingCapital 首席执行官阿尔弗雷德·贾（Alfred Chia）的说法，这一利率几乎减半，降至 1.4% 至 1.8% 之间，具体取决于贷款金额。这些固定利率贷款——在锁定期内利率保持不变，通常为两到五年——与浮动利率贷款同步变动，后者通常与三个月复合新加坡隔夜利率（SORA）挂钩。SORA 从 1 月初的 3% 降至 12 月 12 日的 1.2%，这是自 2022 年 8 月以来的最低水平。当地因素和美联储信号 DBS 高级利率策略师尤金·刘（Eugene Leow）指出，由于国内流动性高以及投资者对美国总统唐纳德·特朗普（Donald Trump）“解放日” 关税的反应，地方利率在美联储 9 月降息之前就开始下降。贾先生表示，银行还将通常加在浮动利率贷款上的利差从约 0.7% 削减至 0.25%。展望 2026 年，美联储最新的政策信号表明，只有微弱的放松路径。新的预测显示明年仅会降息 0.25 个百分点，美联储主席杰罗姆·鲍威尔（Jerome Powell）表示加息的可能性不大。“信息很明确：预防性降息的时代已经结束，” Janus Henderson Investors 的投资组合经理丹尼尔·西卢克（Daniel Siluk）表示，并补充说，美联储转向逐次会议的方法为进一步降息设定了 “高门槛”。美国中央银行在 2026 年进入 “观望” 模式，预计很快会宣布新的主席，因为鲍威尔的任期将在 5 月结束。特朗普暗示可能任命白宫经济顾问凯文·哈塞特（Kevin Hassett），他被认为支持进一步降息。抵押贷款分析师表示，新加坡的住房贷款利率将继续跟随美联储的动向，但在今年的重大调整后，大幅下降的可能性不大。DBS 的刘先生表示，SORA 可能已经 “找到了底部”。MortgageWise.sg 的执行董事达伦·高（Darren Goh）同意，目前的利率可能反映了大部分预期的美国放松——除非出现深度劳动力市场衰退等非同寻常的经济冲击。尽管如此，预计银行将继续提供具有竞争力的贷款方案，包括法律补贴和现金返还。尤其是在年初的第一季度，市场份额竞争加剧，贾先生表示。HDB 贷款转向银行今年，这些交易使更多房主选择再融资或重新定价他们的贷款——这一举措可以显著减少他们通常最大的月度支出。再融资涉及切换到另一家银行的新贷款，而重新定价则是指在锁定期结束后切换到同一家银行的不同贷款方案。例如，丹尼斯·陈（Denise Chan）上个月与 DBS 重新定价她的抵押贷款，转向一项为期两年的固定贷款，利率为 1.6%——几乎是她之前 3% 利率的一半。这一举措每月为她节省约 500 新元（390 美元）。抵押贷款顾问建议房主在当前锁定期结束时考虑切换，以避免罚款，同时注意与再融资相关的费用，如法律和评估费用，或重新定价的管理费用。与此同时，越来越多的公寓业主正在从 HDB 贷款转向银行融资。银行抵押贷款利率现在低于 HDB 优惠贷款利率 2.6%，后者的利率比中央公积金普通账户利率高出 0.1%。在华侨银行，2025 年前 11 个月，选择转换的房主数量增长了七倍。拥有 50 万新元贷款的房主通过切换到五年固定利率方案，每年可节省高达 4100 新元的利息，银行的住房贷款负责人玛丽安·华（Maryanne Phua）表示。DBS 同样在 10 月和 11 月看到其 POSB HDB 贷款的接受率比年初增加了 13 倍。三年固定贷款的利率为 1.55%，在锁定期内提前还款或出售不收取罚金。MortgageWise.sg 的高先生表示，寻求节省月供的房主应利用 HDB 和银行贷款利率之间的差距，“只要他们意识到未来无法再申请 HDB 贷款，并且准备好应对波动”。“尽管我们已经走出了 2022 年和 2023 年的高利率时期，但未来可能会有另一个加息周期，” 他说，并警告借款人必须为经济的起伏做好准备。固定或浮动由于利率可能保持低位，浮动利率抵押贷款可能吸引一些借款人，但其他人可能会发现固定月供贷款的确定性会带来安心。高先生和蔡先生建议房主在选择贷款时考虑的不仅仅是利率。借款人应考虑他们的风险承受能力、长期财务计划和各银行的特点，例如在锁定期内无罚金的部分还款选项。华侨银行表示，尽管对 SORA 定价方案的需求上升，但固定利率贷款仍然更受欢迎。在 2025 年，五分之四的客户选择了固定方案。“大多数房主更喜欢在住房贷款还款金额上保持稳定，” 华女士指出，越来越多的人对长期固定方案产生兴趣。DBS 还报告称，固定贷款的需求强劲，尤其是在寻求预算确定性的新房主中。“在贷款选项之间存在持续且显著的差异时，再融资活动可能会继续，因为潜在的节省是显而易见的，” 凌女士表示。“不过，我们始终提醒客户，住房贷款是长期承诺，利率不会直线波动。”</p>

<p>新加坡的抵押贷款利率已降至三年低点，受到美国联邦储备委员会降息和当地经济因素的影响。专家预测到 2026 年将有适度的进一步下降，但大幅降息的可能性不大。由于银行利率的竞争，购房者从公共住房贷款转向银行贷款的趋势正在增加。尽管可能会产生成本，建议房主考虑再融资或重新定价，以便享受更低的利率。美联储的谨慎态度和潜在的领导层变动可能会影响未来的利率趋势</p>

<p>SINGAPORE: Mortgage rates in Singapore have fallen to their lowest in three years, and experts say the reprieve for home owners could extend into 2026 – though further declines may be modest. Lenders here typically follow the cues of the US Federal Reserve, which delivered its third rate cut of the year last Wednesday (Dec 10). Expectations for lower US interest rates have sent Singapore home loan rates into a sharp downtrend. At the start of 2025, fixed-rate loans were going at about 3.1 per cent. These have nearly halved to between 1.4 and 1.8 per cent, depending on the loan quantum, said SingCapital’s chief executive Alfred Chia. These fixed packages – where the interest rate remains unchanged through a lock-in period of two to five years – are moving in tandem with floating rate loans, which are usually pegged to the three-month compounded Singapore Overnight Rate Average (SORA). SORA has fallen from 3 per cent in early January to 1.2 per cent as of Dec 12, its lowest level since August 2022 . LOCAL FACTORS AND FED SIGNALS DBS senior rates strategist Eugene Leow noted that local interest rates began declining well before the Fed’s cuts in September, due to high domestic liquidity and safe haven flows linked to investors reacting to US President Donald Trump’s “Liberation Day” tariffs. Banks have also trimmed the spread – or margin – typically added to floating rate loans, from about 0.7 per cent to 0.25 per cent, said Mr Chia. Looking ahead to 2026, the Fed’s latest policy signals suggest only a marginal easing path. New projections indicate just one-quarter percentage-point cut next year, and Fed chair Jerome Powell has said rate hikes are unlikely. “The message was clear: the era of pre-emptive easing is over,” said Mr Daniel Siluk, a portfolio manager at Janus Henderson Investors, adding that the Fed’s shift to a meeting-by-meeting approach has set “a high bar for further cuts”. The US central bank enters 2026 in a “wait-and-see” mode, with a new chair expected to be announced soon as Mr Powell’s term ends in May. Mr Trump has hinted at appointing White House economic adviser Kevin Hassett, who is seen as favouring further cuts. Mortgage analysts said Singapore home loan rates will continue to follow the Fed’s moves, but large declines are unlikely after the significant adjustments this year. DBS’ Mr Leow said SORA may have already “found a floor”. Mr Darren Goh, executive director of MortgageWise.sg, agreed that current rates likely reflect most of the expected US easing – barring an extraordinary economic shock such as a deep labour market slump. Nevertheless, banks are expected to continue offering competitive packages, including legal subsidies and cash rebates. This is especially so in the first quarter of the year when competition for market share intensifies, said Mr Chia. SHIFT FROM HDB LOANS TO BANKS This year, such deals have led more homeowners to refinance or reprice their loans – a move that can significantly reduce what is often their largest monthly expense. Refinancing involves switching to a new loan with another bank, while repricing refers to switching to a different package with the same bank after a lock-in period ends. Ms Denise Chan, for instance, repriced her mortgage with DBS last month, moving to a two-year fixed loan at 1.6 per cent – nearly half her previous 3 per cent rate. The move is saving her about S$500 (US$390) monthly. Mortgage advisers recommend that homeowners consider switching when their current lock-in periods end to avoid penalties, while remaining mindful of associated costs like legal and valuation fees for refinancing, or administrative charges for repricing. Meanwhile, more flat owners are switching from HDB loans to bank financing. Bank mortgage rates are now lower than the concessionary HDB loan interest rate of 2.6 per cent, which is pegged at 0.1 per cent above the Central Provident Fund Ordinary Account rate. At OCBC, the number of home owners making the switch grew seven times in the first 11 months of 2025. Home owners with a S$500,000 loan could save up to S$4,100 in annual interest by switching to a five-year fixed rate package, said the bank’s head of home loans Maryanne Phua. DBS similarly saw the take-up rate for its POSB HDB loan in October and November increase by 13 times compared to the start of the year. The three-year fixed loan carries a 1.55 per cent rate, with no penalty for early repayment or sale during the lock-in period. Mr Goh of MortgageWise.sg said home owners looking to save on monthly repayments should take advantage of the gap between HDB and bank loan rates now, “so long as they are aware that they cannot go back to taking an HDB loan in future and are prepared for volatility”. “Even though we have come out of the high-interest rate period in 2022 and 2023, there might be another rate tightening cycle down the road,” he said, cautioning that borrowers must be ready for economic ups and downs.FIXED OR FLOATING With interest rates likely to stay low, a floating rate mortgage could appeal to some borrowers, but others may find that the certainty of fixed monthly loan repayments will offer peace of mind. Both Mr Goh and Mr Chua advised home owners to weigh more than just interest rates when selecting a loan. Borrowers should consider their risk appetite, long-term financial plans and individual bank features, such as penalty-free partial repayment options within lock-in periods. OCBC said while demand for SORA-priced packages has risen, fixed-rate loans remain more popular. In 2025, four in five customers opted for fixed packages. “Most home owners prefer having stability in their home loan repayment amounts,” said Ms Phua, noting growing interest in longer-tenure fixed packages. DBS also reported strong demand for fixed loans, especially among new home owners seeking budgeting certainty. “Where there is a sustained and meaningful difference between loan options, refinancing activity is likely to continue, as the potential savings can be tangible,” said Ms Ling. “That said, we consistently remind customers that home loans are long-term commitments, and interest rates do not move in a straight line.”</p>
<div class="lb-trans"><p>新加坡：新加坡的抵押贷款利率已降至三年来的最低水平，专家表示，房主的缓解可能会持续到 2026 年——尽管进一步的下降可能会很温和。这里的贷款机构通常会跟随美国联邦储备委员会的信号，上周三（12 月 10 日）该委员会进行了今年的第三次降息。对美国利率降低的预期使新加坡的住房贷款利率急剧下滑。2025 年初，固定利率贷款的利率约为 3.1%。根据 SingCapital 首席执行官阿尔弗雷德·贾（Alfred Chia）的说法，这一利率几乎减半，降至 1.4% 至 1.8% 之间，具体取决于贷款金额。这些固定利率贷款——在锁定期内利率保持不变，通常为两到五年——与浮动利率贷款同步变动，后者通常与三个月复合新加坡隔夜利率（SORA）挂钩。SORA 从 1 月初的 3% 降至 12 月 12 日的 1.2%，这是自 2022 年 8 月以来的最低水平。当地因素和美联储信号 DBS 高级利率策略师尤金·刘（Eugene Leow）指出，由于国内流动性高以及投资者对美国总统唐纳德·特朗普（Donald Trump）“解放日” 关税的反应，地方利率在美联储 9 月降息之前就开始下降。贾先生表示，银行还将通常加在浮动利率贷款上的利差从约 0.7% 削减至 0.25%。展望 2026 年，美联储最新的政策信号表明，只有微弱的放松路径。新的预测显示明年仅会降息 0.25 个百分点，美联储主席杰罗姆·鲍威尔（Jerome Powell）表示加息的可能性不大。“信息很明确：预防性降息的时代已经结束，” Janus Henderson Investors 的投资组合经理丹尼尔·西卢克（Daniel Siluk）表示，并补充说，美联储转向逐次会议的方法为进一步降息设定了 “高门槛”。美国中央银行在 2026 年进入 “观望” 模式，预计很快会宣布新的主席，因为鲍威尔的任期将在 5 月结束。特朗普暗示可能任命白宫经济顾问凯文·哈塞特（Kevin Hassett），他被认为支持进一步降息。抵押贷款分析师表示，新加坡的住房贷款利率将继续跟随美联储的动向，但在今年的重大调整后，大幅下降的可能性不大。DBS 的刘先生表示，SORA 可能已经 “找到了底部”。MortgageWise.sg 的执行董事达伦·高（Darren Goh）同意，目前的利率可能反映了大部分预期的美国放松——除非出现深度劳动力市场衰退等非同寻常的经济冲击。尽管如此，预计银行将继续提供具有竞争力的贷款方案，包括法律补贴和现金返还。尤其是在年初的第一季度，市场份额竞争加剧，贾先生表示。HDB 贷款转向银行今年，这些交易使更多房主选择再融资或重新定价他们的贷款——这一举措可以显著减少他们通常最大的月度支出。再融资涉及切换到另一家银行的新贷款，而重新定价则是指在锁定期结束后切换到同一家银行的不同贷款方案。例如，丹尼斯·陈（Denise Chan）上个月与 DBS 重新定价她的抵押贷款，转向一项为期两年的固定贷款，利率为 1.6%——几乎是她之前 3% 利率的一半。这一举措每月为她节省约 500 新元（390 美元）。抵押贷款顾问建议房主在当前锁定期结束时考虑切换，以避免罚款，同时注意与再融资相关的费用，如法律和评估费用，或重新定价的管理费用。与此同时，越来越多的公寓业主正在从 HDB 贷款转向银行融资。银行抵押贷款利率现在低于 HDB 优惠贷款利率 2.6%，后者的利率比中央公积金普通账户利率高出 0.1%。在华侨银行，2025 年前 11 个月，选择转换的房主数量增长了七倍。拥有 50 万新元贷款的房主通过切换到五年固定利率方案，每年可节省高达 4100 新元的利息，银行的住房贷款负责人玛丽安·华（Maryanne Phua）表示。DBS 同样在 10 月和 11 月看到其 POSB HDB 贷款的接受率比年初增加了 13 倍。三年固定贷款的利率为 1.55%，在锁定期内提前还款或出售不收取罚金。MortgageWise.sg 的高先生表示，寻求节省月供的房主应利用 HDB 和银行贷款利率之间的差距，“只要他们意识到未来无法再申请 HDB 贷款，并且准备好应对波动”。“尽管我们已经走出了 2022 年和 2023 年的高利率时期，但未来可能会有另一个加息周期，” 他说，并警告借款人必须为经济的起伏做好准备。固定或浮动由于利率可能保持低位，浮动利率抵押贷款可能吸引一些借款人，但其他人可能会发现固定月供贷款的确定性会带来安心。高先生和蔡先生建议房主在选择贷款时考虑的不仅仅是利率。借款人应考虑他们的风险承受能力、长期财务计划和各银行的特点，例如在锁定期内无罚金的部分还款选项。华侨银行表示，尽管对 SORA 定价方案的需求上升，但固定利率贷款仍然更受欢迎。在 2025 年，五分之四的客户选择了固定方案。“大多数房主更喜欢在住房贷款还款金额上保持稳定，” 华女士指出，越来越多的人对长期固定方案产生兴趣。DBS 还报告称，固定贷款的需求强劲，尤其是在寻求预算确定性的新房主中。“在贷款选项之间存在持续且显著的差异时，再融资活动可能会继续，因为潜在的节省是显而易见的，” 凌女士表示。“不过，我们始终提醒客户，住房贷款是长期承诺，利率不会直线波动。”</p>
</div>

新加坡的房贷利率已经处于三年来的低点，那么在 2026 年它们会继续下降吗？