Government Reduces Interest Rates On All New And Existing Loans
As part of the Government’s stimulus package to minimise the effects of COVID-19 on the economy, the National Housing Trust (NHT) has reduced interest rates on all new loans by one per cent, and on all existing loans by 0.5 per cent, effective April 1, 2020. This will benefit some 8,000 new mortgagors annually, and some 100,000 existing mortgagors. Prime...





