Home Loan Interest Rate News: Interest Rates cut to 11% The South African Reserve Bank (SARB) governor, Tito Mboweni, today announced a 1% drop in the repo rate from 8.5% to 7.5%. This is the fifth successive rate cut since Jun 08. The prime interest rate now drops to 11%. We last experienced interest rates [...]
Why the reserve bank governor wants to meet with the major banks. An interesting trend is emerging that has sparked the interest of the South African Reserve Bank (SARB) governor, Tito Mboweni. The Reserve Bank has been rapidly cutting interest rates to stimulate economic growth and kick start the local property market.
We have turned back the clock on interest rates in South Africa. The last time rates were this low was October 2006, yet the number of stressed mortgage bond holders continues to rise. Auction Alliance, SA’s largest auction house, defines a stressed homeowner as someone who is at least two months in arrears on bond [...]
When it comes to investing, the basic rule to making a profit is to Buy-Low and Sell-high. If you were to apply this theory to property, you would be looking to purchase some real bargains right now and sell after at least 3 to 5 years. Early predictions are that property values could shoot up by 50% by 2011. [read more ...]
InterCap: Capped Interest Rate Bonds from Integer Home Loans Integer Home Loans is South Africa’s latest mortgage leader, the company launched in October 2007 and is rapidly growing its client basis. The company recently launched a very interesting home loan product called, Intercap. Intercap allows homeowners to cap the interest rate on your bond at the current prime rate while also allowing them to benefit if interest rates drop.
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 a bit hasty in launching [...]
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 peg your rate at a [...]
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