Interest Rates | Property Loans SA Bond Originators
Home Loan, Property Market, Interest Rates
Recent Prime Interest News:
There are, currently, many positive signs for the future of the property market. Tony Clark, MD of Rawson Properties, believes that interest rates in South Africa are set to be cut even further. Clark adds that an interest rate cut of 0.5% will benefit the property market, perhaps far more than most people realise. Currently, [..]
The South African Reserve Bank cut interest rates by 0.5% last month (sept) to bring the prime rate down to 9.5%.
The cut was welcomed by many consumers and homeowners. A drop of 0.5% could translate to a huge saving over the full term of your bond. While, in the short term, it means more consumers are now better able to manage their monthly debt commitments.
Here's how the most recent rate cut will affect your pocket..
Interest Rates were kept unchanged yesterday (22 July 2010), leaving the prime interest rate at 10%. The South African Reserve Bank has put the breaks on rate cutting in recent months. The last interest rate cut took place in March this year. In total interest rates have been slashed by 5.5% since December 2008. But, [..]
On March 25th, 2010 the South African Reserve Bank (SARB) cut interest rates by 0.5%.The prime rate moved from 10.5% to 10%. The Prime Interest Rate is used by the major banks on their home loan products. How Does This Interest Rate Cut Affect Your Pocket?
Home Loan News: interest rates The South Africa Reserve Bank‘s monetary policy committee completed their first meeting of the year 2010, with an announcement from the new governor that interest rates will remain unchanged. The prime interest rate will remain at 10.5%; despite many calls for a cut in the lending rates. The Reserve Bank [..]
The South African Reserve Bank announced on Tuesday 22, September 2009 that interest rates will remain unchanged for the next few months, until the Monetary Policy Committee meets again later this year. If you are looking to buy a property soon, you may not find a better time than the present.
, Interest Rates
, Property Market