When interest rates go down...

Good times seem to be smiling yet again on the real estate sector. Several banks have cut their prime lending rates (PLR), making home loans cheaper for the borrower.Borrowers are eagerly waiting for the benefit of slashed rates to be passed on to them. What are the options before the borrower when the rates are set to fall? Let us explore.

Your next move is determined by what you foresee for the real estate sector. Some borrowers may perceive this reduction in rates as a temporary phenomenon.Others may expect more rate reductions in the future. It is impossible to accurately predict the direction of the interest rate movements.
Source:http://economictimes.indiatimes.com/quickiearticleshow/3904577.cms