Home loan rate going south? Forget it

Currently there does not seem to be an early signs of Home loan rate going
southwards.
Home loans are unlikely to turn expensive too despite the increase in cash
reserve ratio (CRR) of the banks, which will make money scarce for banks.
The Reserve Bank of India (RBI) has raised CRR by 50 basis points to 7% for
the banks, but a large section of bankers told ET that they do not expect
lending rates, including home loan rates, to go up.
At the same time, bankers are unlikely to lower the home loans rates for
now. This comes as a bad news for a large number of borrowers who had
expected interest rates to come down post credit policy. Earlier, Deepak
Parekh, chairman of HDFC bank, the largest home loan provider, had said HDFC
would consider a lower lending rate if RBI does not hike CRR.