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Home loan rates unlikely to rise

Home loan rates unlikely to rise

Apnaloan.com Research Bureau

09 May 2008

Bankers are of opinion that interest rates are unlikely to rise further and said that the inflation level as well as select lending rates may decrease over the next 2-3-months.

According to media reports, the inflation will certainly come down in the short term, in the next 2-3 months.

While most bankers agree that there will be stability in interest rates, they do not foresee a reduction in interest rates for home loans.

Bankers said the fiscal and monetary measures initiated by policymakers to contain inflation, such as a 0.75 per cent hike in CRR, ban on export of certain essential commodities and removal of import duties will show results within 2-3 months.