Lock the interest rate of your house loan
Last week we saw some positive figures in the US which saw the Dow jumped during the Friday closing. We should see some big jump in the stock markets here in Asia. The jobless reports in the US has shown some decline and it begin to show that there are some recoveries in the job sector and some positive signs that the economy is recovering.
Soon we will see some central banks will start to increase their interest rate and borrowings will not be that cheap anymore. During the time of low interest rate as we are now, we should lock the current interest rate with the banks so that we can continue to enjoy a lower rate even when the bank decides to increase their base rate. These are some of the opportunities that only comes when there is a big economic recession like the one we just had.
It is the time when we can buy our dream home and also at a discount compare to what they were 2 or 3 years ago and before the price of the house increase any further, it is wise for us to secure 1 0r 2 as an investment as we can make some simple profit in a few years time.
It is time for us to lock the interest rate. My answer is definitely yes although many will argue that the situation is not yet over and there are more some bad news coming from the US which could well mean the second wave of this recession. I may not be able to predict what will happen in th future but for now we can expect the recovery is starting to take effect and governments from various countries all have taken steps to curb the situation and will definitely do all measures to prevent the situation from getting any worse or any kind of second wave recession.
The regional markets in the Far East like Japan and Hong Kong all have shown positive signs lately. We will see the recovery in the region will be very fast and it will once again becoming the growing region for the next 1 or 2 years. Only at a later stage we will see fully recovery in the US and European countries which I would say in 2 years from now.