Average long-term US mortgage rate climbs to 7.09%, highest level in more than 20 yrs
#5

The US has fixed-period interest loans of up to 30 years. This means the interest rates don't change during the 30 years.

Our propertises loans' interests are only fixed for 2-3 years. This means the interest rates change after 2-3 years. The exception is the HDB loans.

We follow US interest rates.
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