Finally some good news for home owners in Malaysia. The Malaysia’s Central Bank (BNM) announced on Friday the 25th of July that the Overnight Policy Rate (OPR) will remain unchanged at 3.50%. This is great news to all Malaysians as the OPR is used as a guide to the Base Lending Rate for loans in Malaysia. With the OPR remaining unchange, Malaysians can expect the interest rates for their loans and overdrafts to remain unchange as well. (The current BLR for most banks are at 6.75%)

Despite earlier market speculations that the OPR will be raised to stem the growing inflation, I am glad that Bank Negara have decided to keep the current 3.5% rate.  Most Malaysian are still reeling from the effect of the higher fuel prices as well as the rise in basic consumer goods, as such a rise in their monthly mortgage payments is the last thing anyone would want. At least now, the mortgage payment for most families remains a constant unchanged amount.

For the full BNM statement on the OPR, click here

Last week, I blogged about a cosy house which I’ve visited 6 months sgo. The house was definitely a comfortable home to come back to after a long day at work. Surprisingly we even have a reader bidding RM500k for it. Well, sad to say the house is not for sale for the moment.

In this blog, I will be releasing more pictures of the cosy house. As  cosy as the living room may look, this picture of the master bedroom will sweep you off your feet.

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What is your idea of a cosy home? Well, about 6 months ago, I paid a visit to a house that totally impressed me. It was both cosy and nice and had just the right furnishing. It had just the right furniture and the right colours for the different parts of the house.

Look through the pictures below and let me know what you think

Here’s a picture of the hall with white sofa blending in with the cream coloured wall and the 37″ LCD.  Read more »