Homeowners likely to pay higher mortgage rates for a while more, say market watchers

Homeowners in Singapore will have to pay higher mortgage rates for a little longer, said some market watchers. Currently, mortgage rates can be as high as above 4 per cent. An expected percentage point dip in interest rates is now likely to only take place at the end of next year, instead of this year. This comes as the United States Federal Reserve is cutting interest rates more slowly than expected, as inflation remains high. CNA’s Rebecca Metteo reports. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia