How to capitalize on a lower interest rate
Category Property News
On 18 July, The Monetary Policy Committee (MPC) announced that interest rates will be lowered by 25 basis points, dropping the prime lending rate to 10% and the repo rate drops to 6.5%. For owners who are still in the process of paying off their bonds, this translates into a monthly saving on their bond repayments.
"There are several things owners can do with the money they are saving on the monthly repayments on their home loan following the recent interest rate cut."
Author: Gary Vos
