SORA today: 3-month compounded rate, 22 Oct 2026

The 3-month compounded SORA is 1.26% a year, as at 22 Oct 2026: up 0.04 percentage points on 22 Sep 2026 and down 0.14 percentage points on 22 Oct 2025.

As at 22 Oct 2026, published 23 Oct 2026. Updated each week.

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.

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.

Recent figures

Compounded SORA, 3-month: the last published day of each month, newest first. The change is on the month before, in percentage points (pp).
MonthDay3-month SORAChange on the month
Oct 202622 Oct 20261.26%+0.02 pp
Sep 202630 Sep 20261.23%+0.05 pp
Aug 202631 Aug 20261.19%+0.05 pp
Jul 202631 Jul 20261.14%+0.05 pp
Jun 202630 Jun 20261.08%+0.03 pp
May 202629 May 20261.06%+0.03 pp
Apr 202630 Apr 20261.03%-0.04 pp
Mar 202631 Mar 20261.07%-0.05 pp
Feb 202627 Feb 20261.12%-0.03 pp
Jan 202630 Jan 20261.15%-0.04 pp
Dec 202531 Dec 20251.19%-0.07 pp
Nov 202528 Nov 20251.25%-0.07 pp

Source: MAS.

What it measures

SORA, the Singapore Overnight Rate Average, is the average rate banks pay to borrow Singapore dollars overnight without collateral. MAS publishes it for each business day.

The 3-month compounded SORA compounds the daily rates over the past three months. It looks back, not forward: it tells you what money has cost, not what it will cost.

How to read it

Most floating-rate home loans in Singapore are priced as a compounded SORA plus the bank’s own spread. When the rate resets, the new instalment follows the compounded SORA of the period just ended.

Because it averages three months, the compounded rate moves slowly and trails changes in the overnight rate. A turn in rates shows up here weeks after it starts.

Your loan’s rate is the SORA plus your spread, and some packages use the 1-month rate instead. Check the reference rate and the spread in your letter of offer.

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