- Q4 2026 SORA Analysis
- 1M SORA: 3.1000%
- 3M SORA: 3.2500%
- 6M SORA: 3.3500%
SORA Rate Summary — Q4 2026
The Singapore Overnight Rate Average (SORA) is the primary benchmark for floating-rate mortgages in Singapore, replacing the previous SOR and SIBOR benchmarks. See MAS SORA dashboard for live rates.
Mortgage Payment Scenarios
Monthly mortgage payments at different loan amounts under current 3M SORA (3.2500%) + 0.75% bank spread = 4.00% effective rate. All scenarios assume 25-year tenure.
| Loan Amount | Current Rate | Monthly Payment | +0.25% | +0.50% | -0.25% |
|---|---|---|---|---|---|
| $500,000 | 4.00% | $2,639 | $2,709 (+$70) | $2,779 (+$140) | $2,571 (-$69) |
| $1,000,000 | 4.00% | $5,278 | $5,417 (+$139) | $5,558 (+$280) | $5,141 (-$137) |
| $1,500,000 | 4.00% | $7,918 | $8,126 (+$209) | $8,337 (+$420) | $7,712 (-$206) |
| $2,000,000 | 4.00% | $10,557 | $10,835 (+$278) | $11,117 (+$560) | $10,283 (-$274) |
Key Insight
Impact by Market Segment
Different market segments carry different average loan sizes, making SORA movements affect buyers unevenly.
| Segment | Typical Loan | Monthly Payment | Impact of +0.25% | Avg PSF | Volume |
|---|---|---|---|---|---|
| Core Central Region (CCR) | $2,000,000 | $10,557 | +$278/mo | -- | -- |
| Rest of Central Region (RCR) | $1,500,000 | $7,918 | +$209/mo | -- | -- |
| Outside Central Region (OCR) | $1,000,000 | $5,278 | +$139/mo | -- | -- |
SORA Rate Trend
3-Month Compounded SORA over the last 8 quarters.
| Period | 3M SORA |
|---|---|
| Q1 2026 | 3.2500% |
Should You Refinance?
Rates remain near recent highs. Unless your current package is significantly above market rates, refinancing may not yield sufficient savings after factoring in legal costs and clawback penalties.
Try our Refinancing Calculator→Frequently Asked Questions
What is the current 3-Month SORA rate in Q4 2026?
How much does a 0.25% SORA increase affect my mortgage?
Should I choose a fixed or floating rate mortgage?
When should I refinance my mortgage?
Methodology & Sources
Figures below are drawn from Q4 2026 SORA analysis and revised every quarter.
Transaction data sourced from URA.
- SORA rates: MAS SORA dashboard.
- Mortgage spread: typical bank spread of 0.75% above 3M Compounded SORA.
- Transaction data: URA.
We report medians (not means) so a single outlier transaction cannot skew district-level figures. PSF = price per square foot.