Nov 1 2009, 02:37 PM
QUOTE(??!! @ Oct 30 2009, 02:39 PM)
For those of us who intend to take up mortgage loans, better fix-up quickly.
It seems all the banks have called for a truce and agree that mortgage rates will not go below an agreed rate. A figure something like BLR - 1.75% is expected, no ZEC
I've heard rumours of this for a while, but paid no attention to it.
Now it seems this will be implemented as of 1/11/09.
What ABM should work on instead ; is to get members bank to work on improving their efficiency and bring down their spread of 3% !
Most banks are prepared to 'lock in' your case for you if you sort out your application within the week or so.
Bro.. your wind "kin" or not (real or not) It seems all the banks have called for a truce and agree that mortgage rates will not go below an agreed rate. A figure something like BLR - 1.75% is expected, no ZEC
I've heard rumours of this for a while, but paid no attention to it.
Now it seems this will be implemented as of 1/11/09.
What ABM should work on instead ; is to get members bank to work on improving their efficiency and bring down their spread of 3% !
Most banks are prepared to 'lock in' your case for you if you sort out your application within the week or so.
Y the articles states other wise by the Executive Director of The Association of Banks in Malaysia
No standardisation of mortgage rates, says Association of Banks
http://www.theedgemalaysia.com/personal-fi...n-of-banks.html
There are things needed to be clearified properly before making such claims:
1) OPR - Set by Bank Negara according to country economy situation.
2) BLR - Not set by bank negara, but bank varies them according to OPR, thats y some bank have BLR 5.5% some have 5.55%. You dont see all banks decrease BLR proportional to OPR. When OPR was 3.5%, BLR was 6.75%.. When OPR was 2% (minus 1.5%), BLR was 5.55$ (minus 1.2%), some 5.5% (minus 1.25%).. There is not fix rule by bank negara they the amount of decrease in BLR must follow OPR.
3) Mortgage Rate (BLR+/-X.xx%) - Set by bank to different individual according to their credit profile..
So Bro.. Part (1) is definately control by BN, but between (2) and (3), which one will be fixed??
Quote
0.0183sec
1.47
6 queries
GZIP Disabled