My "north-west" wind tells me that no standardisation of interest rates for housing or mortgage loans

But didn't mention the increase of interest rate la...

"Chuah Mei Lin, executive director of The Association of Banks in Malaysia , clarifies that there can be no standardisation of interest rates for housing or mortgage loans. “The rates are determined individually by the commercial banks taking into account, in the main, factors such as the banks' funding cost and/or the cost of doing business and business strategies."

I think we all as forumers had done a "good job" in grapping attention from the media

"Talk has been rife that the housing loan interest rates will be revised upward with effect from November. Mortgage brokers and property investors claimed in online forums as well as through e-mail communication that banks were instructed to 'standardise' the interest rates of their mortgage packages. The alleged new spread has been speculated to be no higher than BLR-1.8%, a big jump from the current BLR-2 to BLR-2.5 spread."

http://www.theedgemalaysia.com/personal-fi...n-of-banks.html