Interest Rates

Fixed Rate Options From ABSA Home Loans

Fixed Rate Options From ABSA Home Loans In Nov 2007, when it seemed that interest rates had already peaked, ABSA home loans launched a campaign offering homeowners the chance to Fix their Home Loan Interest Rate at 11.75% – 2.25% below prime at the time. It seems the bank was Read more…

Banks quietly helping Mortgage holders

Estate Agencies across South Africa are reporting a significant rise in forced home sales. The current season of high interest rates has clearly placed many mortgage holders under pressure. Banks are also reporting an increase in defaults on mortgage payments, but don’t expect your bank manager to be knocking down Read more…

FNB HOME LOANS property report

FNB Home Loans | Property News www.fnb.co.za
Lower Priced Properties sell faster and closer to their asking prices

FNB Home loans released their Residential Property Confidence Indicator for the 4th quarter of 2007. In his report, Jan Kleynhans, chief executive officer at FNB Home Loans, further illustrated the current slowdown in market activity.

Rising interest rates, the implementation of the National Credit Act 8 months ago and inflationary pressures have shown to be the three major factors that continue to place pressure on the property market.
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Fix your Home Loan at below Prime Rates

Mortgage News: ABSA Home Loans – Fixed Interest Rates www.absa.co.za The question of whether homeowners should fixed their Home Loan Interest Rates is again being discussed. The general rule is that one should opt for a fixed rate if you’re expecting interest rates to increase in the near future, to Read more…

Opportunity Knocks as Interest Rates Remain Unchanged

Here’s a quick Mortgage Tip and some important Home Loan News South African Reserve Bank (SARB) Governor, Tito Mboweni, has announced that interest rates will remain unchanged. This is the second time the SARB has decided to leave rates following 4 consecutive rate increases. Mboweni is concerned by the growing Read more…