Thursday, 25 March 2010

Prime Rate DROPS! Awesome Times!

The South African Reserve Bank this afternoon announced a reduction of 0.50% in the repo rate, which will result in the banks’ prime lending rate reducing to 10.00%.

All the necessary changes to our systems will be effected this evening to ensure that our affordability calculators for home loan applications and pre-qualification applications will reflect the new base rate of 10.00%.

This is GREAT NEWS!!!

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