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The Reserve Bank of South Africa (SARB) recently announced that the Monetary Policy Committee (MPC) had decided to raise the repo rate by 50 basis points, to 4.75% with effect from the 20th of May 2022. This is a departure (though not shocking) from a trend that the market had got accustomed to, where the rate mostly fluctuated on a quarter point basis.
Popular tags: interest rates, home loan interest rate, REPO rate, home buyers
Buying an immovable property is one of the most fulfilling experiences in life, and when one embarks on that endeavor, hurdles along the way are definitely not appreciated. This is why more and more home buyers are finding it much easier and convenient to use the services of bond originators in the application process of home loans.
Popular tags: home loan declined, loan declined due to affordability, what if my home loan is rejected, home loan application declined, home loan application rejected, bond originators Johannesburg, bond originators South Africa, mortgage bond, home buyers, credit score, home loan application, creditworthiness, home loans, debt-to-income ratio
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