Charts

Interest rates: Singapore property charts

Charts of Singapore mortgage-related interest rates: compounded SORA, the HDB loan rate, the CPF OA rate and US rates.

The interest rates behind Singapore home loans: compounded SORA, the HDB concessionary loan rate, the CPF Ordinary Account rate and the US federal funds rate. Each chart has a table view, its source and its own link. The charts update when new figures are published.

Singapore and US interest rates since 2019Percent a year. Weekly values: 3-month compounded SORA and the US effective federal funds rate.
  • 3-month compounded SORA (Singapore)
  • US federal funds rate (effective)
Singapore and US interest rates since 2019. Both rates fell to near zero in 2020 and 2021, then rose sharply in 2022 and 2023. SORA peaked near 3.7 per cent and has since fallen to about 1.2 per cent, while the US rate stays above 3.5 per cent.0.0%1.0%2.0%3.0%4.0%5.0%2020202120222023202420252026Fed 3.88%SORA 1.26%Singapore and US interest rates since 2019. Both rates fell to near zero in 2020 and 2021, then rose sharply in 2022 and 2023. SORA peaked near 3.7 per cent and has since fallen to about 1.2 per cent, while the US rate stays above 3.5 per cent.0.0%1.0%2.0%3.0%4.0%5.0%2020202120222023202420252026

Latest: SORA 1.26% (22 Oct 2026); Fed 3.88% (22 Oct 2026).

SORA is the benchmark for floating-rate home loans in Singapore. The US rate is shown for context: it moves SORA only indirectly, through the Singapore dollar and bank funding costs.

Table view
Period3-month compounded SORA (Singapore)US federal funds rate (effective)
Oct 20261.26%3.88%
Sep 20261.23%3.88%
Aug 20261.18%3.63%
Jul 20261.14%3.63%
Jun 20261.08%3.63%
May 20261.06%3.62%
Apr 20261.03%3.64%
Mar 20261.07%3.64%
Feb 20261.12%3.64%
Jan 20261.15%3.64%
Dec 20251.19%3.64%
Nov 20251.25%3.89%
Oct 20251.32%4.11%
Sep 20251.46%4.09%
Aug 20251.56%4.33%
Jul 20251.86%4.33%
Jun 20252.06%4.33%
May 20252.27%4.33%
Apr 20252.40%4.33%
Mar 20252.55%4.33%
Feb 20252.73%4.33%
Jan 20252.90%4.33%
Dec 20243.08%4.33%
Nov 20243.21%4.58%
Oct 20243.39%4.83%
Sep 20243.49%4.83%
Aug 20243.57%5.33%
Jul 20243.64%5.33%
Jun 20243.63%5.33%
May 20243.66%5.33%
Apr 20243.65%5.33%
Mar 20243.68%5.33%
Feb 20243.64%5.33%
Jan 20243.66%5.33%
Dec 20233.70%5.33%
Nov 20233.75%5.33%
Oct 20233.75%5.33%
Sep 20233.70%5.33%
Aug 20233.70%5.33%
Jul 20233.68%5.33%
Jun 20233.65%5.07%
May 20233.61%5.08%
Apr 20233.61%4.83%
Mar 20233.58%4.83%
Feb 20233.23%4.58%
Jan 20233.12%4.33%
Dec 20223.03%4.33%
Nov 20222.87%3.83%
Oct 20222.45%3.08%
Sep 20222.07%3.08%
Aug 20221.55%2.33%
Jul 20221.27%2.32%
Jun 20220.72%1.58%
May 20220.52%0.83%
Apr 20220.32%0.33%
Mar 20220.27%0.33%
Feb 20220.25%0.08%
Jan 20220.20%0.08%
Dec 20210.19%0.08%
Nov 20210.16%0.08%
Oct 20210.16%0.07%
Sep 20210.13%0.08%
Aug 20210.13%0.08%
Jul 20210.13%0.10%
Jun 20210.14%0.10%
May 20210.17%0.05%
Apr 20210.19%0.07%
Mar 20210.23%0.07%
Feb 20210.20%0.07%
Jan 20210.17%0.07%
Dec 20200.17%0.09%
Nov 20200.12%0.08%
Oct 20200.12%0.09%
Sep 20200.10%0.09%
Aug 20200.10%0.09%
Jul 20200.08%0.09%
Jun 20200.14%0.08%
May 20200.27%0.05%
Apr 20200.53%0.05%
Mar 20200.90%0.10%
Feb 20201.14%1.58%
Jan 20201.20%1.55%
Dec 20191.27%1.55%
Nov 20191.31%1.55%
Oct 20191.46%1.83%
Sep 20191.53%1.83%
Aug 20191.59%2.12%
Jul 20191.67%2.40%
Jun 20191.72%2.40%
May 20191.68%2.38%
Apr 20191.62%2.44%
Mar 20191.54%2.43%
Feb 20191.59%2.40%
Jan 20191.52%2.40%

Source: MAS, FRED. Data to 22 Oct 2026.

HDB loan rate, CPF OA rate and SORA since 2019Percent a year. HDB concessionary loan rate and CPF Ordinary Account rate (quarterly), 3-month compounded SORA (monthly, last value of each month).
  • 3-month compounded SORA
  • HDB concessionary loan rate
  • CPF Ordinary Account rate
HDB loan rate, CPF OA rate and SORA since 2019. The HDB loan rate stayed at 2.6 per cent and the CPF OA rate at 2.5 per cent throughout, while 3-month SORA fell to near zero in 2020 and 2021, rose to a peak near 3.7 per cent in 2023 and has since fallen to about 1.2 per cent.0.0%1.0%2.0%3.0%4.0%20192020202120222023202420252026HDB loan rate, CPF OA rate and SORA since 2019. The HDB loan rate stayed at 2.6 per cent and the CPF OA rate at 2.5 per cent throughout, while 3-month SORA fell to near zero in 2020 and 2021, rose to a peak near 3.7 per cent in 2023 and has since fallen to about 1.2 per cent.0.0%1.0%2.0%3.0%4.0%20192020202120222023202420252026

Latest: SORA 1.26% (22 Oct 2026); HDB loan 2.60% (Q4 2026), unchanged on Q4 2025; CPF OA 2.50% (Q4 2026), unchanged on Q4 2025.

The HDB rate follows the OA rate by formula and has not moved since 2015. A bank loan priced off SORA moves with the line for SORA, plus the bank's spread.

Table view
Period3-month compounded SORAHDB concessionary loan rateCPF Ordinary Account rate
Oct 20261.26%––
Q4 2026–2.60%2.50%
Sep 20261.23%––
Aug 20261.19%––
Jul 20261.14%––
Q3 2026–2.60%2.50%
Jun 20261.08%––
May 20261.06%––
Apr 20261.03%––
Q2 2026–2.60%2.50%
Mar 20261.07%––
Feb 20261.12%––
Jan 20261.15%––
Q1 2026–2.60%2.50%
Dec 20251.19%––
Nov 20251.25%––
Oct 20251.32%––
Q4 2025–2.60%2.50%
Sep 20251.45%––
Aug 20251.56%––
Jul 20251.85%––
Q3 2025–2.60%2.50%
Jun 20252.05%––
May 20252.27%––
Apr 20252.36%––
Q2 2025–2.60%2.50%
Mar 20252.55%––
Feb 20252.73%––
Jan 20252.90%––
Q1 2025–2.60%2.50%
Dec 20243.03%––
Nov 20243.21%––
Oct 20243.38%––
Q4 2024–2.60%2.50%
Sep 20243.49%––
Aug 20243.57%––
Jul 20243.64%––
Q3 2024–2.60%2.50%
Jun 20243.63%––
May 20243.66%––
Apr 20243.65%––
Q2 2024–2.60%2.50%
Mar 20243.68%––
Feb 20243.65%––
Jan 20243.65%––
Q1 2024–2.60%2.50%
Dec 20233.70%––
Nov 20233.75%––
Oct 20233.75%––
Q4 2023–2.60%2.50%
Sep 20233.70%––
Aug 20233.70%––
Jul 20233.67%––
Q3 2023–2.60%2.50%
Jun 20233.65%––
May 20233.62%––
Apr 20233.61%––
Q2 2023–2.60%2.50%
Mar 20233.58%––
Feb 20233.22%––
Jan 20233.14%––
Q1 2023–2.60%2.50%
Dec 20223.03%––
Nov 20222.92%––
Oct 20222.46%––
Q4 2022–2.60%2.50%
Sep 20222.07%––
Aug 20221.60%––
Jul 20221.27%––
Q3 2022–2.60%2.50%
Jun 20220.77%––
May 20220.53%––
Apr 20220.32%––
Q2 2022–2.60%2.50%
Mar 20220.28%––
Feb 20220.25%––
Jan 20220.21%––
Q1 2022–2.60%2.50%
Dec 20210.19%––
Nov 20210.16%––
Oct 20210.16%––
Q4 2021–2.60%2.50%
Sep 20210.13%––
Aug 20210.13%––
Jul 20210.13%––
Q3 2021–2.60%2.50%
Jun 20210.13%––
May 20210.17%––
Apr 20210.19%––
Q2 2021–2.60%2.50%
Mar 20210.22%––
Feb 20210.20%––
Jan 20210.17%––
Q1 2021–2.60%2.50%
Dec 20200.17%––
Nov 20200.12%––
Oct 20200.12%––
Q4 2020–2.60%2.50%
Sep 20200.10%––
Aug 20200.10%––
Jul 20200.08%––
Q3 2020–2.60%2.50%
Jun 20200.14%––
May 20200.27%––
Apr 20200.53%––
Q2 2020–2.60%2.50%
Mar 20200.88%––
Feb 20201.14%––
Jan 20201.20%––
Q1 2020–2.60%2.50%
Dec 20191.26%––
Nov 20191.31%––
Oct 20191.46%––
Q4 2019–2.60%2.50%
Sep 20191.53%––
Aug 20191.59%––
Jul 20191.67%––
Q3 2019–2.60%2.50%
Jun 20191.72%––
May 20191.68%––
Apr 20191.62%––
Q2 2019–2.60%2.50%
Mar 20191.54%––
Feb 20191.59%––
Jan 20191.55%––
Q1 2019–2.60%2.50%

Source: MAS, CPF Board. Data to 22 Oct 2026.

3-month compounded SORA since 2023Percent a year. Weekly values.
3-month compounded SORA since 2023. The 3-month compounded SORA stays above 3.5 per cent from mid-2023 to August 2024, falls to about 1.2 per cent by the end of 2025, reaches a low of about 1.0 per cent in April 2026 and is about 1.2 per cent in October 2026.0.0%1.0%2.0%3.0%4.0%Jan 24Jan 25Jan 261.26%3-month compounded SORA since 2023. The 3-month compounded SORA stays above 3.5 per cent from mid-2023 to August 2024, falls to about 1.2 per cent by the end of 2025, reaches a low of about 1.0 per cent in April 2026 and is about 1.2 per cent in October 2026.0.0%1.0%2.0%3.0%4.0%Jan 24Jan 25Jan 26

Latest: SORA 1.26% (22 Oct 2026).

SORA is the benchmark for floating-rate home loans in Singapore. Your bank adds its own spread.

Table view
Period3-month compounded SORA
Oct 20261.26%
Sep 20261.23%
Aug 20261.18%
Jul 20261.14%
Jun 20261.08%
May 20261.06%
Apr 20261.03%
Mar 20261.07%
Feb 20261.12%
Jan 20261.15%
Dec 20251.19%
Nov 20251.25%
Oct 20251.32%
Sep 20251.46%
Aug 20251.56%
Jul 20251.86%
Jun 20252.06%
May 20252.27%
Apr 20252.40%
Mar 20252.55%
Feb 20252.73%
Jan 20252.90%
Dec 20243.08%
Nov 20243.21%
Oct 20243.39%
Sep 20243.49%
Aug 20243.57%
Jul 20243.64%
Jun 20243.63%
May 20243.66%
Apr 20243.65%
Mar 20243.68%
Feb 20243.64%
Jan 20243.66%
Dec 20233.70%
Nov 20233.75%
Oct 20233.75%
Sep 20233.70%
Aug 20233.70%
Jul 20233.68%
Jun 20233.65%
May 20233.61%
Apr 20233.61%
Mar 20233.58%
Feb 20233.23%
Jan 20233.12%

Source: MAS. Data to 22 Oct 2026.

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