More home owners are defaulting on their loan repayments: SARB
287 views · Published 14 September 2016 · 2:14 · Indexed 10 November 2026
Channel: SABC News · 2016 · News & Politics
More home owners are defaulting on their loan repayments. That's According to the Reserve bank's mortgage barometer released today. It suggests financially strapped home-owners are increasingly losing their homes due to financial pressures and increase in interest rates. The barometer shows the value of capital home loan repayments for the 2nd quarter of 2016 declined by about 14 and a half percent. For more news, visit: http://www.sabc.co.za/news
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