Jan 2 2009, 02:36 AM
QUOTE(b00n @ Jan 1 2009, 04:02 PM)
No one can predict.
Take a step say 1-2 years ago...... many are commenting that fix rate of 5.5% is the way to go as economy back than was good and sales persons are showing charts that we're still at the lowest with BLR 6.75% and "predict" that BLR would increase.
But ever since sub prime issue hits and currently in global recession, everything changes. So those that had took the fix rate of 5.5% than might be cursing now as those that had a BLR - (whatever percentage) could have been the better deal.
So no one can really predict whether BLR would go up or down in the future.
If the BLR goes up, do you think most Malaysian's property owner can sustain the repayment?Take a step say 1-2 years ago...... many are commenting that fix rate of 5.5% is the way to go as economy back than was good and sales persons are showing charts that we're still at the lowest with BLR 6.75% and "predict" that BLR would increase.
But ever since sub prime issue hits and currently in global recession, everything changes. So those that had took the fix rate of 5.5% than might be cursing now as those that had a BLR - (whatever percentage) could have been the better deal.
So no one can really predict whether BLR would go up or down in the future.
Its possible that the Malaysia economy can collapse if the BLR goes up...
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