28/07/2020
With the Overnight Policy Rate (OPR) at its lowest level since 2004, should you buy a home now, if your finances are healthy? The simple calculations below would give you a rough idea!
And if you'd like to learn more about the OPR and its impact on a homebuyer's decision, here you go: https://bit.ly/OPR_PG 🤓
Edit:
- This visual is to illustrate the savings you'd get from the recent OPR cut.
- Keep in mind that the OPR would fluctuate over the duration of your loan, thus the savings is not fixed.
- Do note that for buyers with a floating rate loan, they would be enjoying a lower monthly repayment now too!