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Mortgage Rates Today
Deposit pegged mortgage rates (DPMR) which goes by different names across the major banks, first came into the market as a solution to tackle rising interest rates – specifically SIBOR.
As DPMRs gain popularity, the current FD rates may not remain attractive to potential depositors and there may be pressure on the banks to increase these rates. This will result in increased FD rates and a surge in DPMR schemes. Borrowers should take note that DPMR rates are still board rates and are ultimately controlled and regulated by the individual banks
