Justin Wong- Financial Consultant

A brief summary by BNM on Malaysia Economy performance in the third of 2022.

is a financial formula that will help you know more about the maximum home loan amount that you can afford.

By filling in your monthly income and monthly commitment details, this formula will give you quick results and you can move on to choosing a suitable home loan for yourself.

Wondering how much you can afford to borrow for your property?
Chat with us now to calculate and compare your home loan eligibility in Malaysia.

是一个财务计算，让借贷人了解自己能负担的房屋贷款金额。

通过输入借贷人的收入和每月开销详情，能快速计算出结果，然后为自己选择合适的房屋贷款。

想知道自己是否能负担多少的房屋贷款？立即私信我们，计算您的房屋贷款资格。

-----------------------------------------------------------------
Feel free to follow our social media platform
欢迎关注我们的社交媒体主页

Mortgage Senior 房贷长老
IG: https://www.instagram.com/mortgage_senior/
Xiaohongshu：房贷长老🧔教你房贷

#房贷申请资格

#房屋贷款

Bank Negara Malaysia is expected to tighten its policy rate by a quarter point for the fourth time in a row on Nov 3 (Thursday) due to the risk of continued rising inflation, and to support a weakening currency, according to a Reuters poll.

Bank Negara started raising rates in May even though inflation was in the target range of 2% to 3%. Since then, it has raised rates by 75 basis points to control inflation.

In September, inflation eased slightly to 4.5% from 4.7% in August but robust domestic demand and an accommodative budget posed risks.

In addition, the possibility of a 75 basis point hike by the United States Federal Reserve in November is also getting higher. This is not a good sign for the Malaysian ringgit, especially when international reserves are also on a steady decline.

The Malaysian ringgit has declined by around 12% this year.
Two economists – at Barclays and UOB – expect BNM not to make an immediate decision at the meeting given the weakening global outlook and to assess the impact of cumulative hikes.

Almost 90% of economists surveyed predicted BNM would raise rates in the first quarter (Q1) of next year, including two economists who called for a "pausing period" in November, giving a median forecast of 3.00%.

While 13 out of 18 economists forecast a rise of 25 basis points in Q1, three forecasts a rise of 50 basis points. Two economists predict no movement.

What do you think about this?

-----------------------------------------------------------------
Feel free to follow our social media platform:
Mortgage Senior 房贷长老
FB: https://www.facebook.com/MortgageSenior.since2007/
IG: https://www.instagram.com/mortgage_senior/
Xiaohongshu：房贷长老🧔教你房贷


#房屋贷款

#国家银行 #隔夜利率 #升息

Property Agency Bowling Session. Great bonding session and thanks for inviting. Will be continuing to fully support and give my best on my services.

Time to get your dream property/ property refinance before interest rate starts rising on Q3 of 2022. DM me to know more about the loan packages that is available by banks.

Poll: Monetary tightening from Q3 onwards KUALA LUMPUR: Malaysia’s central bank will wait until at least July before raising interest rates from a record low as it waits for the economic recovery to take hold, a Reuters poll has found.