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Friday Jul 20, 2018

Repo rate remains at 6.5%

The Reserve Bank's Monetary Policy Committee (MPC) yesterday announced that the repo rate would continue at 6.5% and the base home loan rate at 10%.

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Monday Apr 30, 2018

Home loan approvals up

The level of financial stress in the residential property market has declined significantly and has possibly been a major factor in the improvement in home loan approval rates to their highest level since the implementation of the National Credit Act.

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Monday Apr 23, 2018

Islamic banking offers alternative form of mortgage loan for everyone

Islamic banking offers an alternative to people wanting to buy property, and anyone can use it, regardless of religion or ethnicity.

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Monday Apr 16, 2018

Fewer buyers, but banks grant more home loans

There has been a 4% increase in the number of home loans granted over the past 12 months, even though the number of home loan applications has fallen off by a similar percentage.

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Thursday Mar 29, 2018

What the rate cuts mean for property owners and buyers

The Reserve Bank decided on Wednesday to cut its repo rate by 25 basis points to 6,5% and the prime rate and home loan "base" rate from 10,25% to 10%.

This move will translate, for existing homeowners, into a saving of R151 a month on a 20-year loan of R912 000 - the current average approved bond size, according to Rudi Botha, CEO of BetterBond.

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Wednesday Mar 28, 2018

Repo rate cut welcome boost for property market

The decision by the Monetary Policy Committee of the SA Reserve Bank to cut the repo rate by 25bps from 6.75% to 6,50%, taking the base home loan rate from 10.25% to 10%, is a welcome boost for the economy and property market.

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Monday Mar 19, 2018

What to do when struggling with home loan repayments

Every buyer goes through a "honeymoon" period when their monthly mortgage bond repayment seems a small price to pay for the pleasures of homeownership.

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Wednesday Jan 24, 2018

Your mortgage bond: friend or foe?

There's nothing like home sweet home, and it's your own. You're not at the mercy of a landlord who may increase rental payments by more than the inflation rate or decide to sell and give you notice to move out.

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Monday Nov 27, 2017

Bigger bond sizes encouraging for buyers

Good news for home buyers is that the average approved bond size has risen by almost 6% in the past 12 months, while the average home purchase price has risen only 3,3%.

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Monday Nov 13, 2017

Property buyers 'need more home loan choices'

South Africa needs more home loan options to make property ownership more accessible.

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