23/07/2026
๐ก Interest Rates Hold Steady โ What This Means for You
The South African Reserve Bank has kept the repo rate at 7% and the prime lending rate at 10.5%, bringing welcome stability for homeowners and property buyers.
While bond repayments won't decrease, unchanged rates provide greater certainty for those planning to buy or managing their household budgets.
๐ก Our advice:
โ๏ธ Buy within your means.
โ๏ธ Leave room in your budget for unexpected expenses.
โ๏ธ If you already own a home, consider paying a little extra into your bond each month to reduce interest over time and build a financial cushion.
Remember, interest rates may change, but property ownership is a long-term investment. Making smart, sustainable decisions today can help you build lasting wealth tomorrow.
Thinking about buying, selling, or investing? The RE/MAX Dolphin team is here to help you navigate the market with confidence.
๐ Get in touch with us today!