Recent report suggest that there will be reduction in interest rate by banks.
http://profit.ndtv.com/News/Article/sbi-cuts-home-loans-by-0-25-auto-loans-by-0-50–308696
SBI has already announced it and many others might follow.
In my case, home loan is sanctioned and I am yet to sign documents. Should I go ahead and take home loan at current rate? OR.. should I wait for 1-2 weeks for interest rate to go down further?
Any idea how much reduction it will be?
Will LIC and HDFC also follow similar trend?