Borrowers to feel impact of interest rate hike

Story date: 2007-10-11 02:45:00
Added on: 2007-10-11 21:00:16

Talk Radio 702 - Borrowers will be paying more for money soon, this after the SA Reserve Bank announced it's raising the repo rate by fifty basis points to 10.5%. This means interest rates will go up by the same amount to 14%. People who have home loans will now pay ...


Read more...

Related Stories:

• Borrwers not prepared for rate rise

  News.com.au - Borrowers fail to understand interest rate changes Related news: Grabbing market share before raising rates More banking news in our...
  2007-12-19 04:33:00

• Major lenders put freeze on foreclosures

  CNN Money - He cited FHASecure , which is refinancing many adjustable rate mortgage borrowers into government insured fixed rate loans; a...
  2008-02-12 10:56:00

• Fed cuts pay off for small businesses

  CNN Money - This is particularly true for borrowers with variable or adjustable rate loans, as those loans can be pegged to...
  2008-02-21 08:44:00

• Fed cut: Easier on home borrowers too

  CNN Money - Home buyers and sellers may have reason to cheer as well. The discount rate is the ... loans. Lowering...
  2007-08-21 09:48:00

• The Bailout Reader (Ludwig von Mises Institute)

  In one word, the market approach to the financial problem is bankruptcy. Firms go bankrupt when they do not have enough revenue...
  2008-10-28 07:38:01

• Auction-rate securities not as safe as they used to be

  Seattle Times - Investors put their money into "auction-rate securities" to get a higher interest rate than savings accounts. Neal Koblitz put...
  2008-03-16 12:40:00

• Economists Abuzz on Interest Rates (IWon - Money)

  JACKSON, Wyo. (AP) — Is the long wait coming to an end for borrowers who would like to see interest rates go...
  2007-09-02 12:14:37

• Banks introduce reset clause to alter interest rates

  Economic Times - The interest rate reviews and hikes may be linked to various factors - the prime lending rate (PLR) of...
  2007-11-04 04:08:00