according to economists, this might be the last rate hike for the year....expect the blr to stabilise throughout the year....

Maybank To Raise Base Lending Rate 25Bps To 6.30% Vs 6.05% Tuesday

Damm I hope BNM will raise the OPR further, so that the BLR continue to rise. Too many hot money around, spoiling all the investment opportunities.

It should be back to 3% prior before the financial crisis.

I have just read HwangDBS quarterly report. They predict the OPR to go up by 25 basis points per quarter until it reaches 3.25% and will maintain there at least throughout 2011.0

Since BLR is pegged against OPR, it means it will go up.

Xuzen

have to pay more & more for my housing loan ...

i wonder how the change in monthly repayment works....ever since the first hike, i don't see any change in the monthly repayment amount

BNM has a dilemma
1. Save/sustain economy by keeping interest rate lower than real inflation rate
2. Save RM by adjusting interest rate to keep up with real inflation

Option 1 is the easiest choice unless savers refuse to lend, e.g. watch for gold price in 2012 and beyond

The monthly payment remains the same, but a bigger chunk of it will go to pay the bank interest.

The end result is that your term will become longer.

Xuzen

My monthly payment actually increase/decrease with the rise and fall of interest rates. So I guess I am on a different plan then.

any idea how much it gonna be?

seem like BLR keep on increase...
any comment shld i go for OCBC package which is fixed 4.15% for 1-3years, then -1.9 after that.......

hi, I'm also having the same question
just to share what I have in mind after some research. As shown here http://www.blr.my/blr-history.htm, this is the 3rd times BNM raised BLR in 2010 (good for FD holder, bad for home loan payer), I'm using this tool at http://www.amortization-calc.com/ to calculate the total interest for my home loan for the 1st 3 years if i take up the OCBC 3-year fixed rate vs. floating rate home loan from other bank. And no surprise, with OCBC fixed rate i can save some $$ but not very very much lah, but (let's just say lah) if BLR continue to keep on climbing after every few months, then the saving will becoming more significant in the 3 years period.

pls correct me if i missed out any important factors in my above 'calculation', guess i might explore more fixed rate or separuh fixed rate package before deciding which home loan to take

yes...but OCBC is semi-flexi loan, n u cannot take out ur money which u paid xtra when the house is under construction...
so if i park my money thr...i ned 2 wait til it finish construction, means 2 years later......

better take flexi loan if possible la.
u dump in huge amount of money to stop interest.
but some bank offer flexi to 150k above loan only.
try islamic cap at 10.75% or fixed rate loan for 3-5 years.
need to do window shopping for interest rate offering from bank in Malaysia to get the best offer, tqtq

Damn..3 years ago i expected BLR won't be increased so fast thus didn't take fixed interest loan package.

mana tahu, now sudah naik to 6.3%

yeah, just wandering where to check those rate?

http://www.meshio.com/base-lending-rate/







This post has been edited by zeese: Aug 4 2010, 04:42 PM

zeese,
well done. u help us a lot. i recently applied for hl from uob, 1st 3 years, fixed at 4.2, thereafter blr - 1.9.
i not yet sign the LO. few days ago they offer new package, BLR-2.2 thru out the tenure. just wondering, if i plan to let go the property after 7 years, which 1 is better? the lock in period for both is 5 years.

already 6.60 %