Home loan rates likely to come down

Home loan rates are likely to come down sooner or later as the liquidity condition has improved and repo rate cut by RBI has made banks' overnight borrowings cheaper. The market leader in the home loan segment, ICICI Bank is also watching the situation in the money market and take a decision accordingly. The bank had increased its home loan rate for new customer by one percentage point to 13% on October 10 - just before the infusion of fresh liquidity and rate cut on the overnight fund for banks was effected.