SORA Weekly, Week 36 2026: 3M Compounded SORA at 1.20%

SORA Rates, Week 36 2026 · 31 AUG – 04 SEP 2026

1. SORA Snapshot

This was a firming week for SORA, 3-month compounded closing at 1.20%. A 2bp move from 1.18% seven days ago. The spot overnight print swung between 0.70% and 1.60% across the week (31 AUG – 04 SEP 2026), so don't read too much into any single day's number.

The 3-month figure is what actually reprices most mortgages, and it's the number to anchor on: 1M compounded stands at 1.33%, 6M at 1.13%.

Scaled to a $500,000 loan, that's about $8 more a month, a simple way to feel the size of this week's move. On volume, 123 new condo/EC transactions entered our data this week, averaging $1,852 psf.

2. Bank Rates We're Tracking

2 of the many banks we work with are giving these rates this week: HLF fixed at 1.95%; UOB at 3M SORA + 0.7%. Just examples of what's live right now.

Got a bank in mind already? Send it over and I'll run the comparison for you.

• HLF fixed at 1.95%
• 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 4.68%. USD/SGD sat at 1.2760, worth watching alongside the rate story.

SORA doesn't move in lockstep with the Fed. It's driven primarily by local SGD interbank liquidity and MAS's exchange-rate-based monetary policy, not US rate decisions. 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 chase a single day's number around. The 3-month compounded figure is what matters for most homeowners deciding between fixed and floating this week. At 1.20%, the real decision isn't about the headline Fed news, it's about your own loan structure against where SORA actually sits right now.

Message me your current loan numbers and I'll check them against this week's rates, honest answer either way.