Commercial Loan Interest Rate Update 23rd March 2023

As of March 23, 2023, commercial loan interest rates have seen some changes. The variable rates have increased while the fixed rates have remained the same. However, it is worth noting that fixed rates longer than 5 years have seen a decrease.

The increase in variable rates is not a surprise as they are typically linked to market movements and are subject to change. This means that borrowers who have taken out variable rate loans may see an increase in their loan repayments. On the other hand, the fixed rates have remained the same, which could be seen as positive news for borrowers who prefer the certainty of knowing what their monthly repayments will be.

Interestingly, fixed rates longer than 5 years have seen a decrease. This could be due to a variety of factors, including market competition or an anticipation of lower interest rates in the future. This may be a good opportunity for borrowers who are looking to lock in a low rate for a longer period of time.

While it is impossible to predict with certainty what will happen with interest rates, some experts suggest that we may be nearing the end of the interest rate cycle. This means that interest rates may start to level off or even decrease in the future. Of course, this is just speculation and borrowers should not make decisions based solely on predictions.

Commercial loan interest rates have seen some changes as of March 23, 2023. Variable rates have increased while fixed rates have remained the same. Fixed rates longer than 5 years have seen a decrease, which could be a good opportunity for some borrowers. It is also worth noting that we may be nearing the end of the interest rate cycle, but borrowers should not make decisions based solely on speculation.

For more information or to contact a commercial loan broker or visit our commercial loan website.