Governor Gill Marcus presented everyone paying either a mortgage loan or car loan with some great news yesterday , the MPC has cut the repo rate by 50 basis points (0.5%) reducing the rate to 6.5%.  The move was generally unexpected and took [...]

Troubling times for property owners and mortgage payers with the latest property news from FNB and ABSA confirming the gloomy sentiment gripping the property market. According to the FNB Houseprice Index  , house prices are at their  December 2006 level effectively wiping out over two years of property growth. ABSA maintains that this is the [...]