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Changes in Home Loan package??

 
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Joined: 22 Jul 2005
Posts: 171
Location: Klang Valley

PostPosted: Fri Jul 22, 2005 11:01 pm    Post subject: Changes in Home Loan package?? Reply with quote

With the major changes in the ringgit peg today plus the uncertainty that comes, does anyone here think that there will be a shift in interest rates? Downward? Upward?

As such, do you think that the banks will start bringing out revised Home Loan packages to fit this new circumstance? I'm currently purchasing a new home, but not sure whether to take the current packages available or continue to wait for "changes".
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NumberTWO



Joined: 30 Mar 2005
Posts: 220

PostPosted: Sat Jul 23, 2005 10:14 pm    Post subject: Reply with quote

When this kind of thread starts, it will be full of speculation replies coming in..
Even the investment expert wudn't know. Prediction? I would prefer to pay 30 bucks to a fortune teller to read my palm.. Smile

It is really up to you, IMO.
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wise



Joined: 21 Jun 2004
Posts: 13

PostPosted: Sat Jul 23, 2005 10:29 pm    Post subject: Reply with quote

The interest rate is pretty low now and I do not think it will go down further. Repeg will offset some of the effect of inflation and not good enough to offset all . Interest rate will therefore need to move upwards in time to come, just a matter of how soon.
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