An interesting graph by MoneyIQ, a free Singapore home loan comparison site with mortgage broking services, which took the MAS survey results of a group of professional forecasters to see where the 3 Month SIBOR would head in 2011.

The median forecast suggests that the 3 Month SIBOR is expected to rise from the current 0.4+% to 0.70% within the next 12 months. Some forecasters even expect the 3 Month SIBOR to hit 1.25%.

As the interest rate of many mortgage loans are pegged to SIBOR, this suggests that mortgage rates could rise towards the end of the year, by anywhere from 0.3% to 0.8%.

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