n Personal Finance Newsletter - Is it time to fix your mortgage bond rate? : property
|Article Title||Is it time to fix your mortgage bond rate? : property|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Aug 2006|
Extracted from text ... Moneyweb's PERSONAL FINANCE August 2006 3 PROPERTY THE recent interest rate hike has sparked some jitters in the property market, and many homeowners may be wondering if it is a good idea to convert their existing floating rates on their home loan to a fixed rate. Is it time to fix your mortgage bond rate? Not yet, say property experts. By GAYLYN WINGATE-PEARSE in interest rates to justify a fixed rate. Most banks offer floating mortgage rates of around 9% (prime less 2%), and anything around 12% or 13% for a fixed rate. "The South African Reserve Bank (SARB) ..
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