Thursday, July 19, 2012

Prime Rate Decrease!

Reserve Bank govener - Gill Marcus

Good news for home owners and prospective home buyers alike is that the South African Reserve Bank unexpectedly cut its repo rate by 50 basis points to 5.0 percent today.

This cut means that the prime lending rate will drop to 8.5% making owning property the most reasonable it has been in over 30 years!

Whether it be your first home purchase or the purchase of additional investment property, Mc Naught and Company will expertely deal with your transfer process!

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