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With panic buying on Main Street and fear-driven sell-offs on Wall Street, the US Federal Reserve cut interest rates for the second time in less than two weeks on Sunday (March 15) to help shore up the United States economy amid the rapidly escalating global coronavirus pandemic.

This situation will not be a short term one with multiple countries on lock down and USA will need quite some time to recover their economy.

Singapore mortgage rates are affected, with sibor rates dropping rapidly. What are the viable options now for your mortgages?

Personally i feel sibor rates will be a better choice compared to other types of bank packages.