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n Personal Finance Newsletter - Is it time to fix your mortgage bond rate? : property

Volume 2006, Issue 308
  • ISSN :
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Abstract

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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/content/monpf/2006/308/EJC77188
2006-08-01
2016-12-09

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