Home-Loan - To Fix Or Not To Fix Rate

Homeowners often ask advise on fixing their home loan repayment rate. Unlike the petrol price, interest rates generally increase or decrease in cycles.It is therefore advisable to fix the interest rate on your home loan once the rate has moved to its lowest level, consolidates and then starts to rise again.

The current prime rate of 7.25% is perhaps as good as it gets.It may be wise to fix your interest rate at this point, especially if you are a fixed salary earner - Jannie Engelbrecht.

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