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Posts Tagged 'repo rate'

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How the Repo Rate Influences Prime – And Where Banks Really Get Their Money to Lend

When the South African Reserve Bank (SARB) announces changes to the repo rate, the media goes into overdrive: “Interest rates hiked!” or “Rate cuts bring relief!” But what does this really mean for your home loan - and do banks really borrow money from SARB before lending it to you? Let’s break it down...

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How Real Estate Agents Can Get the Most Out of Property Portals

Love them or hate them, property portals like Property24 and Private Property are a necessary part of doing business in real estate. Buyers use them daily to search for homes, compare options, and reach out to agents - which means if you’re not making the most of them, you’re leaving opportunities on the table. The good news? With the right approach, portals can be more than just a lead generator - they can be a powerful tool to grow your brand and income.

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My credit score and affordability are great, so why was I declined?

The bank will assess your application by way of a sustained affordability test – assessing future economic factors as well as current ones. The main ones include interest rates and inflation. Read on to learn more...

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SARB Raises Interest Rate - Of Interest Is What One Can Do

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.

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