SORA Weekly, Week 32 2026: 3M Compounded SORA at 1.12%

SORA Rates, Week 32 2026 · 30 JUL – 04 AUG 2026

1. SORA Snapshot

SORA drifted down this week, 3-month compounded landing at 1.12%. A 3bp move from 1.16% seven days ago. Day-to-day, the overnight print swung 0.40% to 1.10% (30 JUL – 04 AUG 2026), which happens most weeks and isn't a signal by itself.

The 3-month figure is what actually reprices most mortgages, and it's the number to anchor on: 1M compounded stands at 1.11%, 6M at 1.08%.

Rough numbers: $500,000 loan, about $12 less a month from this week's move, a scale check, not gospel. On the transaction side, 413 new condo/EC transactions showed up in our data this past week, averaging $2,605 psf.

2. Bank Rates We're Tracking

2 of the many banks we work with are giving these rates this week: HLF fixed at 1.85%; UOB at 3M SORA + 0.7%. Just examples of what's live right now.

If your bank isn't listed here, message me and I'll pull the current numbers for it.

• HLF fixed at 1.85%
• UOB at 3M SORA + 0.7%

3. Macro Context

The US Fed funds rate stood at 3.63% and the US 10-year Treasury yield at 4.47% (as of June 2026, which lags roughly a month behind real time). USD/SGD sat at 1.2912, worth watching alongside the rate story.

Local SGD liquidity swings and MAS's policy stance explain SORA far better than anything the Fed does. When SORA and the Fed's stance are pointing in different directions, that divergence is the actual story, not a coincidence to skip past.

4. Ron's Read

Don't let a single day's move drive your thinking. The 3-month compounded figure is what matters for most homeowners deciding between fixed and floating this week. At 1.12%, the real decision isn't about the headline Fed news, it's about your own loan structure against where SORA actually sits right now.

Send your loan numbers my way and I'll run them against what's live this week, I'll be upfront about whether it's worth moving.