I am very worry for many of you here. You all are simply NOT doing sufficient research and plannings on the housing loan. If you think bank loans will stay put at sub 3% for the duration of your loans, you may be in for a shocker of your lifetime. For some 20 years now, rate been on a declining trends, BUT post Sub-Prime crisis, various assets-based securitisation not longer sell, businesses are forced to cut back on leverage, and resort more and more to cash calls from shareholders (see all the Right Issues on SGX) and bank borrowings. even now, some reits and shipping trusts are having much difficulties refinancing their CMBS (commercial mortgage backed securities),
eg. see Saizen reit still trying to refinance its Shintoku CMBS, by selling down some of the properties within the package
eg. Capitaland needed yet more monies (even after the recent cash calls),
but ofcourse with Richard Hu (our former finance minister as Chairman),
Capland been fantastic at packaging it very convincinglg as IPO of CMA for growth opportunities,
bottomline is: even Capitaland also NO LONGER able to securitise its completed Malls thru CMT or CRCT at viable pricings.
that's why it now gotta IPO CMA and in process likely to playout holders of CMT and CRCT.
Current low rates are artificial, the results of gahmens trying to prevent a WW2 Great Depression,
but once economic recovery are on a firmer footings, governments the world over will withdraw credit easing ,
(last week, Australia central bank already raise rate, expect more to follow over next 12 months.)
Banks on their part will also be required to hold higher reserves, so costs of funding can only go up. - go digout KohBoonHwee's comment at DBS, and also Spore MAS statement recently. So dun expect bank mortgage rates at sub 2% to stay, the killers are those floating rate !!! be prepared to seeing your mortgage rate rising ever higher, probably over the next 3, 5 ,7 , 10 years. ==> imagine rates at 3% or 5% above whatever floating rate now !!!!, Can you still manage ??

Many of you may call me bluff - coz never heard of such thing within your lifetime yet.
and becoz so many think this is unthinkable - that's why when it come(inflationary era), it will be even more deadly.
Gold already blow thru us$1000 per oz, my dear people, and gunning higher.
us$ going for banana notes in the years ahead.
Young man and women - I'm really worry for some of you
- esp. if you dun qualify for HDB Concession Loan and gotta go for floating packages from the Banks