Mortgage Loan in Klang Valley
KUALA LUMPUR: Bank Negara Malaysia (BNM) 26 Jan 2010 hinted of a sooner-than-expected interest rate hike after keeping the country’s overnight policy rate (OPR) unchanged at 2% at its first monetary policy committee (MPC) meeting for the year.
“Moving forward, monetary policy would remain accommodative to ensure that the economic recovery is well entrenched.
According to Peter Loke, a mortgage consultant from Klang-Valley.com that the rise in interest is inevitable and borrower should take the opportunity to refinance and secure the best rate now rather than procrastinate. If borrower do not want the fluctuation of floating rate BLR, they can always opt for a fixed rate loan.
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