Tito Mboweni announced another 100-basis point rate cut on Thursday, bring it down to 8,5%. This means bondholders who have a Prime related mortgage can expect to have some more cash left in their wallets from next month. Here is a break down of what you can expect if you are paying your mortgage over 20 years.
R750 000 bond = R528.67 savings per month
R1 000 000 bond = R704.90 in savings per month
R1 500 000 bond = R1057.34 in savings per month
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