I found this fascinating quote today:

SBI Has No Plans To Revise Its Home Loan Rates Immediately State Bank of India said it has no immediate plans to revise its home loan rates. "We have decided to keep the rates at the same level in the immediate future (including the 8 per cent scheme). The current rate structure will continue," SBI chief general manager, Mr. P Nandakumar, said. The bank offers loans up to Rs 50 lakh (Rs 5 million) at 8 per cent for the first year and at 8.5 per cent in the second and third year.bricks-n-mortar.com, BRICKS-n-MORTAR.com, Nov 2009

You should read the whole article.