OCBC Singapore announced in December 2018 their FDMR, OHR and MR mortgage rates will increase in January 2019. We share more on its impact.
Summary of OCBC Home Loan Rates Movement
15M FDMR will increase by 0.7%
36M FDMR will move up by 0.6%
48M FDMR will increase by 0.5%
OHR will shift by 0.5%, 0.6% and 0.7%.
MR (mortgage board rate) will move up by 0.4%-0.5%.
Concerned OCBC customers should review their FDMR-linked mortgages with the current refinancing loans.