Borrowers buy home ... Interest rates increase

Borrowers buy home ... Interest rates increase

 Borrowers buy home ... Interest rates increase

With the increase in input capital, the loan interest rate will be under pressure, especially the home loans when this is always the field that is always strictly controlled by the credit flow poured into the orientation of the house. 

Operating and also the group is subject to the highest risk factor in assets when calculating the capital safety coefficient of banks.

The interest rate for buying houses in Vietnam can be adjusted for quarterly/six months or annually according to the base interest rate of banks. Photo: H.P

Effects from Fed

In the middle of June, the Federal Reserve (Fed) has a fourth policy meeting this year, which according to observers forecasts, can witness one more interest increase with an increase of 0, 5 more percentage points. Earlier this month (4-5), the Fed marked the strongest interest rate increase in the past 22 years with an increase of 0.5 points percentage. Earlier, in March, the agency decided to officially tighten the monetary policy again when raising the interest rate of 0.25 percentage points - the first time since the end of 2018.

With inflation continued to maintain the highest level in the past 40 years, the agency seems to have realized the mistake and delay in tightening the monetary policy to prevent inflation, so now they are looking to correct mistakes. 

By adjusting interest rates as quickly as possible, but that also means the risk of a recession. The US consumer price index continued to increase by 8.3% over the same period in April 4-2022, while the US gross domestic product (GDP) decreased by 1.4% over the same period last year.

In a shared last week, Fed President Jerome Powell declared: “If inflation control requires increasing interest rates beyond the level that people consider to be neutral, we will not be afraid. 

We will raise interest rates until we feel that we have reached a state that we can say that the financial conditions have been reasonable and inflation decreases. We will go to that level. There will not be any hesitation. ”

Facing the trend of tightening Fed policies, consumers in the US are worried about "fever" with home loans or car purchases that have been implemented over the years. Although the reference interest rate of the Fed only applies to interbank loans, it is clear that the Fed's move can still spread to the lending and savings interest rates of the American people.
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