Singapore Property Data
Singapore 3 Month Compounded SORA History
The latest 3 month compounded SORA published by MAS is 1.3087% a year, for 3 November 2026. The monthly average was 1.2494% in October 2026, against 3.2877% in November 2024, the first month of the table below.
Updated . Data as of (latest daily reading). Source: MAS eServices, Domestic Interest Rates.
Latest daily reading
1.3087%
3 November 2026
October 2026 average
1.2494%
22 daily readings. October 2025: 1.3940%
Lowest monthly average
1.0469%
April 2026, within this 25 month window
Highest monthly average
3.2877%
November 2024, the first month in the window
What is SORA, in plain English?
SORA stands for Singapore Overnight Rate Average. It is the volume weighted average of the interest rates banks pay on unsecured overnight Singapore dollar loans between each other. The Monetary Authority of Singapore (MAS) administers it and publishes a reading every business day.
A single overnight rate can jump from day to day, so home loans use a compounded version. Compounded SORA rolls the daily rates over a past window into one annual rate. The 3 month compounded SORA covers the past three months. Because it looks backward, it moves gradually and trails a change in the overnight rate.
How do bank floating packages use it?
A floating rate home loan package is usually quoted as a compounded SORA rate plus a spread. The SORA part moves with the market. The spread is the bank's margin, set in the loan terms, and it can step up in later years. Some packages are fixed for the first years and then switch to a SORA based rate. Which compounded rate is used (1 month, 3 month or another), when the rate resets, and the size of the spread all differ by bank and by package, so the bank's own terms are what count.
Example only, not a quote from any bank: a package priced at 3 month compounded SORA plus 0.70% would work out to about 2.01% on the latest reading above (1.3087% plus 0.70% is 2.0087%). When SORA moves, the SORA part of that rate moves with it. See the mortgage rates page for bank packages and the SORA glossary entry for more.
3 month compounded SORA by month
Monthly average of the daily 3 month compounded SORA, percent a year, newest month first. The change column is the move from the previous month in percentage points. The monthly average is worked out for this page from MAS daily readings; MAS does not publish it. November 2026 is a part month.
| Month | Average 3M compounded SORA (%) | Daily readings | Change from previous month (percentage points) |
|---|---|---|---|
| November 2026 (part month) | 1.3060 | 2 | +0.0566 |
| October 2026 | 1.2494 | 22 | +0.0401 |
| September 2026 | 1.2093 | 22 | +0.0713 |
| August 2026 | 1.1380 | 20 | +0.0051 |
| July 2026 | 1.1329 | 23 | +0.0586 |
| June 2026 | 1.0743 | 21 | +0.0057 |
| May 2026 | 1.0686 | 19 | +0.0217 |
| April 2026 | 1.0469 | 21 | −0.0451 |
| March 2026 | 1.0920 | 22 | −0.0461 |
| February 2026 | 1.1381 | 18 | −0.0177 |
| January 2026 | 1.1558 | 21 | −0.0546 |
| December 2025 | 1.2104 | 22 | −0.0473 |
| November 2025 | 1.2577 | 20 | −0.1363 |
| October 2025 | 1.3940 | 22 | −0.1130 |
| September 2025 | 1.5070 | 22 | −0.2072 |
| August 2025 | 1.7142 | 21 | −0.2141 |
| July 2025 | 1.9283 | 23 | −0.2404 |
| June 2025 | 2.1687 | 21 | −0.1409 |
| May 2025 | 2.3096 | 20 | −0.1591 |
| April 2025 | 2.4687 | 21 | −0.1501 |
| March 2025 | 2.6188 | 20 | −0.1993 |
| February 2025 | 2.8181 | 20 | −0.1335 |
| January 2025 | 2.9516 | 20 | −0.1875 |
| December 2024 | 3.1391 | 21 | −0.1486 |
| November 2024 | 3.2877 | 21 | n/a |
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<iframe src="https://winfredquek.com/embed/sora" width="100%" height="360" style="border:0;" loading="lazy" title="Singapore 3 month compounded SORA, monthly average, from MAS data (winfredquek.com)"></iframe>
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Method and sources
Daily readings of the 3 month compounded SORA were read from the MAS eServices Domestic Interest Rates tool on 4 November 2026 and grouped by calendar month. The window runs from November 2024 to November 2026, 25 months, and the latest daily reading is for 3 November 2026. The files on this site are refreshed by hand, not on a timer, so MAS may have published newer readings since. For the current figure, use the MAS tool.
Sources and references (official):
- Monetary Authority of Singapore, Domestic Interest Rates, 3 Month Compounded SORA (MAS eServices)
- Monetary Authority of Singapore, Interest rates statistics
How to cite: Winfred Quek, winfredquek.com/data/sora, Singapore 3 Month Compounded SORA, Monthly Average (data as of 3 November 2026), accessed your access date, CC BY 4.0. Please also credit MAS as the source of the underlying readings.
Licence: the monthly averages and tables on this page are Winfred Quek's calculations, shared under CC BY 4.0. The daily MAS readings underneath stay under the MAS Terms of Use of Datasets, which apply the Singapore Open Data Licence version 1.0 (licence text). If you reuse them, name MAS as the source and link to that licence. More on using this data.
Frequently asked questions
What is the latest 3 month compounded SORA?
The latest reading on this page is 1.3087% a year, for 3 November 2026, taken from the MAS Domestic Interest Rates tool on 4 November 2026. The monthly average for October 2026 was 1.2494%. MAS publishes a new reading every business day, so check the MAS tool for the current figure.
What is 3 month compounded SORA?
SORA is the Singapore Overnight Rate Average, the volume weighted average rate on unsecured overnight Singapore dollar lending between banks, administered and published by MAS. The 3 month compounded SORA rolls the daily SORA rates over the past three months into one annual rate. Because it looks back over three months, it moves gradually and trails a change in the overnight rate.
How do banks use SORA in a floating rate home loan?
A floating rate package is usually quoted as a compounded SORA rate plus a spread, for example 3 month compounded SORA plus 0.70%. The SORA part moves with the market and the spread is the bank's margin, which the loan terms set and may step up in later years. Some packages are fixed for the first years and then switch to a SORA based rate. The reference rate used (1 month, 3 month or another), the reset timing and the spread differ by package, so read the bank's own terms.
Is the monthly average on this page an official MAS figure?
No. MAS publishes the daily readings. The monthly average is the simple average of the daily readings for that month, worked out for this page. The readings column shows how many daily readings went into each month, and November 2026 is a part month.
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