The first quarter of 2024 was characterised by a further consolidation of home loan activity, following a consistent decline that kicked in when the Reserve Bank’s Monetary Policy Committee (MPC) decided to start raising interest rates at the end of 2021.

The residential property market continues to strengthen, as interest rates remain at record-low levels after a year in which the repo rate remained below 4%, says Carl Coetzee, CEO of BetterBond.

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