{"id":2967,"date":"2022-06-08T03:16:05","date_gmt":"2022-06-08T03:16:05","guid":{"rendered":"https:\/\/www.earnnest.me\/web\/?p=2967"},"modified":"2022-06-27T06:42:05","modified_gmt":"2022-06-27T06:42:05","slug":"repo-increase-likely-to-push-home-loan-rates-to-8-by-end-of-fy23","status":"publish","type":"post","link":"https:\/\/www.earnnest.me\/web\/repo-increase-likely-to-push-home-loan-rates-to-8-by-end-of-fy23\/","title":{"rendered":"Repo increase likely to push home loan rates to ~8% by end of FY23"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2967\" class=\"elementor elementor-2967\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79de11c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79de11c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-61a6c49\" data-id=\"61a6c49\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ad61036 elementor-widget elementor-widget-text-editor\" data-id=\"ad61036\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>We expect the repo increase to be between 40-50bps in upcoming MPC meeting with future increases leading to ~5.75% (where we were exactly 3 years ago) or upwards by the end of FY23. Last 40 bps increase in May caused homes loans to move in to 7% +\/- range from ~6.5% earlier. And by the end of this financial year, home loan rates will likely touch ~8%. This is unlikely to derail the housing momentum but its will certainly soften it. Coupled with increasing prices, the growth may slow down a bit in FY23, after a record FY22.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>We expect the repo increase to be between 40-50bps in upcoming MPC meeting with future increases leading to ~5.75% (where we were exactly 3 years ago) or upwards by the end of FY23. Last 40 bps increase in May caused homes loans to move in to 7% +\/- range from ~6.5% earlier. And by the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-2967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Repo increase likely to push home loan rates to ~8% by end of FY23 - Earnnest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.earnnest.me\/web\/repo-increase-likely-to-push-home-loan-rates-to-8-by-end-of-fy23\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Repo increase likely to push home loan rates to ~8% by end of FY23 - Earnnest\" \/>\n<meta property=\"og:description\" content=\"We expect the repo increase to be between 40-50bps in upcoming MPC meeting with future increases leading to ~5.75% (where we were exactly 3 years ago) or upwards by the end of FY23. Last 40 bps increase in May caused homes loans to move in to 7% +\/- range from ~6.5% earlier. 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