1% rate hike may up housing EMI by 7%

Commodity and Futures - Physical commodity and financial futures markets. 

  Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date 1% rate hike may up housing EMI by 7% ronald 07-09-2008
Posted by ronald on July 9, 2008, 7:00 am Please fill out the survey on Investment awareness & knowledge analysis. -- http://spreadsheets.google.com/viewform?key=3Dpb_z4f1_zGMhaGMOzo4IsPw&email= =3Dtrue OR http://investorline.co.in/blogs/news/?p=3D850 NEW DELHI: Interest rates are all set to go up by 50-100 basis points, following the RBI's decision to increase the lending rate on funds to banks by half a percentage point. Punjab National Bank (PNB) CMD K C Chakrabarty said the step taken by RBI will lead to a minimum increase of 50 basis points in interest rate. Some banks might increase the rate even to 75 basis points, he added. However, a senior official of a private sector bank said increase in the lending rate might go up to one percentage point (100 basis points). As the interest rates are going upward for last quite some time and not likely to come down in the near future due to inflationary pressure , many banks will increase the rates by one percentage point from July 1, 2008. *********************************** Get latest market updates & search internet right from your browser- download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at =96 http://investorline.co.in/blogs/news Learning Center- http://investorline.co.in/blogs/learning Mutual funds - http://investorline.co.in/blogs/mutualfunds Life Insurance - http://investorline.co.in/blogs/lifeinsurance Investor Journal - http://investorline.co.in/blogs/investor Latest News - http://investorline.co.in/blogger/?q=3Daggregator/categories/ News Resources - http://investorline.co.in/blogger/?q=3Daggregator/sources Interested in Financial Planning - Let us Contact you-Fill your details here- http://spreadsheets.google.com/viewform?key=3Dpb_z4f1_zGMg4iBBFT3-SWQ&email= =3Dtrue If you like the site then promote it here - https://www.freetellafriend.com/tell/?url=3Dhttp://investorline.co.in/blogs= /news To create your own free site & Blog logon to - http://investorline.co.in/bl= ogger ************************************************ Similar Threads Posted Uk Housing October 8, 2008, 11:11 am Housing SCAM WARNING! February 19, 2008, 4:10 pm FUTURES FILE column: Can Ike cause a hike in commodities? (The Times of Northwest Indiana) September 13, 2008, 1:09 pm Rate of Change indicator October 30, 2006, 6:44 am Updated Interest Rate Forecasts September 2, 2006, 4:59 pm Guaranteed loan offer at 4% interest rate here at last April 23, 2007, 2:55 pm