Home loan interest rates 'already higher'

Home loan interest rates 'already higher' : Property News from IOLProperty


"In recent months we have seen a significant decrease in the rate concessions that banks are willing to give clients, from as much as 1,5% off prime to virtually nothing."


"In other words, home loan interest rates are already effectively higher for many borrowers, even though the Reserve Bank has not yet officially raised interest rates."

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