ABCs of Property Investment
Potentially lower mortgage payments in the near future
When interest rate rises, the mortgage rates will rise in tandem. In other words, we will have to pay a higher amount every month. Then again, if seen from the longer term context, the current rates are very low. Take a look at the chart showing the interest rate movement for Malaysia across a longer period of time. We can see the rates are considered on the lower end for the past 10 years or so.