Tuesday, November 3, 2020

High home loan demand triggers interest rate war

Banks say that home loans are a safe bet and this is the only segment growing in double digits. Demand has been triggered because of work from home (WFH) needs, discounts by builders, reduction in stamp duty rates and interest rates being at an all-time low. The frequent changes in pricing among lenders seem to indicate that a rate war is brewing.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2JAUUuE

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