Rate hikes: Are buyers over-reacting?
Historically, interest rate hikes have had a dampening effect on the South African residential property market, with homeowners reassessing their affordability in anticipation of higher monthly loan repayments. The resultant reduction in home loan applications immediately following an interest rate hike is a reaction from buyers who are hesitant to make a long-term commitment until […]
How to obtain a home loan: Things to consider before you apply
With most of the major interest rate hikes now out of the way, 2023 is set to provide a more stable environment for financially savvy, would-be home-buyers to enter the property market. While the economic outlook is set to be less turbulent than during the previous year, it’s still vitally important to take charge of […]
Six projected home loan trends for 2023
Looking ahead to what is likely to drive home loans this year Despite challenges of external factors such as ongoing interest rate hikes and rising costs of living, the ongoing demand for home loans remained relatively stable in 2022 slightly down on 2021 volumes, but up on 2020 and 2019 volumes. This sustained demand can […]