So rise 0.25% not an issue at all.

increase 25 basis point you expect prop price to drop 30%

wow 1 million loans... me and my gf jointly qualify more than this but we felt this is going to be burdening.. why ? 100-150(per house) increase of course ok.. for loans only and for the remaining 6 months of 2014.. other increase such as goods, necessities,, each categories of necessities increase 100-150 monthly and coupled with GST.. easily hit 1k per person one..

you also notice hire purchase interest also naik di.. 2.7% or 3.1% per annum

when it is alone, of course not going to affect, but when all are bundle together and in numbers, you will see the effect..

right?

Ya. I am sure there will be a thread to report whether installment increase or not after the rate hike

i opined increase in installments.. otherwise why bother increasing the interest?

To curb further spending, ie new purchases

sometimes bank no bother by the old loan installment when then can absorb the increment of interest as they can earn back from other investment. Coz they know customer will jump if increase of interest while their competitor staying put.

A one time increase of 0.25 will not hurt much.

It will become interesting when there are 2 -3 hikes in a year, significantly increasing borrowing cost.

Home loan interest rate out there either quoted in BLR +/- or Klibor + x%.

When BNM raised the OPR, it will affect the BLR and Klibor.

There is no such thing of old loan doesn't affected by rate changing unless the loan is fixed rate in the first place.

Bank doesn't bother to adjust the monthly repayment, doesn't mean one is not affected by higher rate, bank charge the interest rate based on your home loan stated rate, which is either BLR +/- or Klibor, which means instead of finish the loan at 25 years, it needs more time to clear up the loan due to higher rate.

Look at your statement of home loan sent which stated clearly the outstanding amount, interest charge etc.

LOL.... i dun dare to watch... later scared 14 floor.. but i will observe all banks how they gonna do with the raise of interest rate. If got one bank staying put then i will switch loan liao.

for owners who bought earlier with lower rate, good for rental play especially for those with +cashflow...

for the record, our interest rates did hit some 13% to 14%, and is now being bankrupt.. good time to restart the property market.. even is too far fetch.. but if one of the bank collapse or being taken over which is highly likely, then the story will fall perfectly.. perfecto..

No rasa to me at all, my initial rate is 6.75 and drop to 5.xx. Bank asked me reduce installmt i rejected. Wait it raise to 13 and 14 maybe i got little bit feel

Almost right this time, but the calculator input is house price not loan amount, so the loan amout is actually 135k and installment different is 21 rm different.

Also if bank negara decided to increase the interest rate by 0.25 doesnt means banks will follow to increase the, normally they will increase their blr by 0.25 or more maybe 0.3. BLR is decided by bank and not bank negara i think.

U rich people talk different, to me rm 150 can has few good meal aledi.

Hope it will not increase, i want to have more good meal ...

Yes, it did hit 10% ++ at one time. And a lot of uncle and aunty who have been hoarding cash all these while were going around shopping for best Fixed Deposit rate in town..Haha, this only apply to those who are loaded with cash.

Nevertheless, I don't foresee OPR hitting 10% ++ that soon UNLESS a crisis happened again.

Currently rates are very low in the US, as low as 0.25%. A lot of foreign fund manager are borrowing money with low interest rate and then they are dumping those money into MGS which is giving them very good return like 3 -4 % depending on the bond tenure. (You can research more about the yield of MGS in the paper everyday).

The party will start to end when the Fed start to increase interest rate in US. Of course, this will happen slowly, gradually, but a lot of analyst forecast that rate will slowly normalize to 4% within the next few years. (I am quoting analyst here, so don't shoot me, hahahaha. Nobody knows the answer here as everything is constantly changing all the time)

When rate is about to hit 4%, all the foreign fund manager will start selling their holdings in MGS, and bring their money back to US. Keep in mind that more than 40% of MGS are currently been sold to foreign funds. In order to prevent massive outflow of fund, BNM will have no choice but to raise rates in order to keep up with the rate increase in US.

i tell you even it hit 13% 14% sure got ppl say no feeling one... but if you calculate it... 13% to 14% is not worthwhile of property investment

wah few good meal.. for me maybe 10 meals di or 12 meals... you all taikors

150/0.70(bread) = app. 214 bread, so i can eat for 71 days of bread...

You guys got money buy the cow, no money buy the rope