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Navigating Changing Interest Rates: Strategic Insights for Homeowners

The age-old adage "what goes up must come down" resonates deeply in the realm of interest rates. Recently, the financial landscape has been marked by uncertainties, particularly regarding how long interest rates will remain elevated after a pause in June by the U.S. Federal Reserve. While the Federal Reserve indicated it isn't done raising rates, this has muddled expectations about the future direction of mortgage rates, not just in the U.S. but also in markets like Singapore, where many loans are pegged to the Singapore Overnight Rate Average (SORA). This ambiguity has left homeowners and prospective buyers navigating a complex environment with cautious optimism and strategic planning.