Category Archives: Interest Rates

FURTHER REPO RATE CUT – RELIEF FOR MORTGAGEES

Lowveld Property

On 14 April 2020, the Monetary Policy Committee, announced a further 100bps decrease in the repo rate, reducing it to an all-time low of just 4,25%, the lowest since 1973. The extensive collective cut in interest rates this year, totaling 225 bps, offers much needed relief to homeowners and indebted households. Although this will not […]