The Reserve Bank is expected to lift the repo rate 25bp, raising the likelihood of forced home sales by stressed mortgage clientsHomeowners face more pressure this week as the South African Reserve Bank’s monetary policy committee is expected to hike rates for the ninth time
since November 2021, raising the likelihood of more forced property sales to avoid loan defaults. ..You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.
News papers these days! Why didn’t you check facts before publishing. Now you made a fool of yourself! Y’all lack credibility. One can’t even rely on news articles for information or research 🚮
So was it 7.25 or 3.75
jvnaidoo1 The grants should take care of the short fall
So there's no auditor who can double check if all figures are correct before published 🤔
CoruscaKhaya MaanoMadima
Prime lending rate rectified
Atleast you change
R11,800 figure rectified? 🤭
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RATES BLUES: Homeowners brace for hikeThe monthly repayment on a R2m home financed over 20 years was R11,800 in November 2021 when the prime lending rate was at its lowest, at 3.75%. The figure now sits at R20,200. When was prime 3.75%? In South Africa? Nope. What changed, is the rand still responding?🤔 This is a big fat lie.
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RATES BLUES: Homeowners brace for hikeA recent FNB survey showed that 17% of home sales in the first quarter were a result of financial pressure, and though this was in line with the historical average, the percentage rose to 22% for the “affordable home” category.
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RATES BLUES: Homeowners brace for hikeA recent FNB survey showed that 17% of home sales in the first quarter were a result of financial pressure, and though this was in line with the historical average, the percentage rose to 22% for the “affordable home” category. Are you guys sure you are paying this much for 4 walls? Rat race neh.
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RATES BLUES: Homeowners brace for hikeThe monthly repayment on a R2m home financed over 20 years was R15,700 in November 2021 when the prime lending rate was at 7.25%. The figure now sits at R20,200
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