SORA Rate Today Singapore
Daily Compounded SORA, sourced from the Monetary Authority of Singapore (MAS) Domestic Interest Rates feed. The 3-month figure is the benchmark almost every Singapore SORA-linked home loan is priced against.
As of 25 June 2026 · refreshed each Singapore business day at ~09:00 SGT
What Is SORA?
SORA stands for the Singapore Overnight Rate Average. It is the volume-weighted average rate of unsecured overnight interbank lending in Singapore dollars, computed and published each business day by MAS at around 9 am SGT for the previous trading day.
For home-loan pricing, the relevant value is not the raw daily SORA but Compounded SORA — the geometric average of daily SORA observations over a backward-looking window. The two windows that matter are 1-month and 3-month.
SORA replaced SIBOR as the standard benchmark when SIBOR was retired at the end of 2024. Every new SORA-linked home loan written by a MAS-regulated bank since 2025 is priced against 3M Compounded SORA.
1M vs 3M Compounded SORA — Which Should You Track?
If you are shopping for a new home loan or evaluating a refinance, the number to watch is 3M Compounded SORA. That is the figure your bank will use to set the floating component of your repayment, repriced every 3 months on the contractual reset date.
The 1M figure is useful as a leading indicator. Because 1M averages over a shorter window it picks up rate moves about two months ahead of 3M. If 1M is materially below 3M, the 3M figure is heading down (and your eventual reset rate will be lower). If 1M is materially above 3M, the opposite.
- Take 3M as the rate you actually pay. Bank quote = 3M Compounded SORA + their spread.
- Use 1M to predict where 3M is going. Lookahead horizon roughly 2 months.
- Reset cadence on most SORA-linked packages is every 3 months. Your repayment changes only on those reset dates, not daily.
From SORA to Your Effective Home-Loan Rate
The effective rate you actually pay is 3M Compounded SORA + bank spread. Spreads in 2026 typically range:
| Loan profile | Typical spread | Effective rate today |
|---|---|---|
| Jumbo (≥ S$1.5M, strong income) | +0.60% to 0.80% | 1.67–1.87% |
| Standard residential (S$500K–1.5M) | +0.80% to 0.95% | 1.87–2.02% |
| Smaller loan (under S$500K) | +0.95% to 1.20% | 2.02–2.27% |
| Commercial / SME | +1.00% to 1.80% | 2.07–2.87% |
Spread is the lever a broker can pull. SORA itself is fixed by the market — but the spread a bank quotes you depends on loan quantum, LTV, your income strength, and whether the bank is currently competing for your asset class. A 10–25 basis-point spread difference on a S$1M loan is roughly S$80–S$210 a month in repayments.
Why Your Bank Quotes 3M Compounded, Not Daily SORA
Daily SORA bounces too much. A typical Singapore home loan has a 25–30 year tenure. If banks repriced daily, both sides — bank and borrower — would face cash-flow volatility no one wants. The 3-month compounded average smooths daily noise into a quarterly reset that is predictable and easy to operationalise.
The MAS Steering Committee for SOR & SIBOR Transition picked the 3M Compounded SORA as the recommended benchmark precisely for this stability. Banks have followed suit. Today every Singapore SORA-linked home loan you can take off-the-shelf uses 3M Compounded SORA.
MAS Publishing Schedule
SORA is published each Singapore business day, typically at 9 am SGT, for the previous trading day's overnight transactions. Weekends and Singapore public holidays are skipped — those days' rates are part of the next business-day publish.
This page mirrors the MAS feed via a daily cron job. If the displayed asOf date is more than 2 business days behind today, refresh — the underlying feed may be momentarily stale.
For programmatic access, we publish two open feeds:
- JSON:
nexusmortgage.sg/sora-feed.json— current Compounded SORA snapshot with derived effective home-loan rate - RSS:
nexusmortgage.sg/rates.xml— daily refresh entries with deltas, machine-parseable
SORA Trend — Where Singapore Rates Are Heading
3M Compounded SORA has trended down meaningfully through 2025–2026 as the US Federal Reserve cut policy rates and SGD strength dampened domestic borrowing demand. The compounded figure has moved from above 3% in late 2023 to roughly 1% in mid-2026 — a peak-to-trough fall of more than 2 percentage points.
For mortgage borrowers, that means:
- Refinance windows are open for anyone whose lock-in was signed in 2022–2024 at 3.5%+. Even after legal fees, switching to a sub-2% package saves materially over the remaining tenure. See our when to refinance guide.
- Fixed-vs-SORA decision narrows. Fixed packages run 1.40%–1.80%; SORA-linked sits 1.87%–2.02%. The gap is small. The choice is lock-in tolerance, not big cost saving.
- Stress test still uses 4%. MAS Notice 645 forces all banks to compute TDSR and MSR at the higher of contracted rate or 4%. Even with SORA at 1%, the eligibility ceiling is set by the 4% floor. See our MAS 4% stress test explainer.
Is SORA the Same as SIBOR?
No. SIBOR (Singapore Interbank Offered Rate) and SORA are different benchmarks. SIBOR was a forward-looking term rate fixed by panel banks daily. SORA is a backward-looking overnight rate derived from actual interbank transactions.
MAS retired SIBOR at the end of 2024. New home loans cannot be priced against SIBOR. Legacy SIBOR-pegged mortgages either:
- Got frozen at their final SIBOR fix (you keep paying the same SIBOR + spread until end of lock-in), or
- Got migrated by the bank to a SORA-equivalent under a contractual fallback clause
If you still hold a SIBOR-pegged loan and are unsure which path your bank took, ask for the current effective rate and the contractual fallback clause in writing. Most banks have already repriced these to SORA-linked or fixed packages.
Want today's SORA on your loan in writing?
We pull tight spreads from 16 MAS-regulated banks against the live 3M Compounded SORA, sized to your loan quantum and income profile. Free to borrowers — banks pay our placement fee on disbursement.
WhatsApp Dan — Free SORA QuoteSee all packages from 16 banks on the live mortgage rates page or read the full home loan rates explainer.
About the author — Dan Ler has advised on Singapore home loans since 2017 at Nexus Mortgage SG, an independent brokerage comparing 16+ MAS-regulated lenders. Nexus is paid by the bank on disbursement, so there is no cost to the borrower.
Frequently Asked Questions
As of 25 June 2026, 1-Month Compounded SORA is 1.02% p.a. and 3-Month Compounded SORA is 1.07% p.a. Refreshed each Singapore business day from the MAS feed.
1M Compounded SORA averages daily SORA over the past 30 days; 3M averages over the past 90. The 3M figure is more stable and is what banks use to price SORA-linked home loans. The 1M figure moves faster — useful as a leading indicator of where the 3M will sit a couple of months out.
Banks quote SORA-linked home loans as 3M Compounded SORA plus a bank spread. Typical residential spread in 2026 is 0.65 to 0.95 percentage points. With 3M SORA at 1.07% and a 0.80% spread, the effective rate is approximately 1.87% per annum.
MAS publishes Compounded SORA each Singapore business day around 9 am SGT, for the previous trading day. Weekends and public holidays are skipped. This page mirrors the MAS feed once a day via cron.
3M Compounded SORA has fallen from above 3% in late 2023 to roughly 1% in mid-2026 as the US Federal Reserve cut policy rates and SGD strength dampened domestic borrowing demand. The forward curve implies the bulk of the drop is done, but mortgage borrowers should still stress-test at the MAS 4% floor — not at the live SORA.
No. SIBOR was retired at the end of 2024 and replaced by SORA. SIBOR was a forward-looking term rate; SORA is a backward-looking overnight rate from actual transactions. New home loans use SORA only. Legacy SIBOR-pegged mortgages have either been frozen at their final SIBOR fix or migrated to a SORA equivalent under the contractual fallback clause.
There is no widely-quoted 5-year SORA rate because SORA is published as overnight, 1-month and 3-month compounded series only. A "5-year SOR" question is typically about 5-year fixed home loan packages (where the bank locks in a fixed rate for 5 years) or about the SOR / SOR-SIBOR forward curve. For fixed packages see our home loan rates explainer.
Further reading
- All current Singapore home loan rates — full 16-bank comparison with live SORA
- Best Home Loan Rates Singapore 2026: Fixed vs SORA
- MAS 4% Stress Test 2026 — How Much Can You Really Borrow?
- When to Refinance Your Singapore Home Loan
- TDSR 55% Calculator Singapore 2026
SORA values on this page are sourced daily from the Monetary Authority of Singapore Domestic Interest Rates feed and republished without modification. Bank spread ranges are indicative for 2026 residential lending; actual spreads vary by bank, loan quantum, LTV and borrower income profile. This page is general information and not financial advice. Always confirm the contractual rate, reset cadence and spread in your bank's letter of offer before signing.