Home Loan Rates by 2012

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Home Loan Rates by 2012 ?

 

Home Loan Rates by 2012 ?

What will the home loan rates be like in 2012? Few of us can claim to know the answer. Experts believe that home loan rates will be up at 10% by 2012.

A recent report in the Sunday Telegraph, noted that the Reserve Bank (RBA) is committed to a policy of increasing official rates as a means of tackling dangerous inflationary pressures.

The newspaper expressed a view that given the growing discrepancy between commercial rates and the RBA rate, home loan rates in Australia could hit 10.1 per cent by 2012 ? their highest level for over 15 years.




 

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