Tuesday, January 27, 2009

More Cuts in Home Loan Rates Expected

At a time when the equality markets are being bombarded with bad news, borrowers have been having a good time. The interest rates have been coming down steadily and more banks have come out with homeloan interest rate cuts.

As a result, home loans of most banks have slipped below the 11 percent level and indications are that the stage is set for the next round of rate cuts.

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