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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