Can you still afford your home as interest rates continue to increase? Watch VIDEO

As a Financial Advisor, I always tell my customers to prepare for the worst and if the worst case scenario does not occur then they will be fine. The reserve bank will be increasing interest rates again on Thursday next week, the 24th of November . These increases occur at a time when petrol, electricity, food and just about everything else is expensive. Many continue to lose their jobs.

Below is a bit of history on the prime lending rate of interest.

Interest (% pa) Effective Date
23.5% 1998-11-09
24.5% 1998-10-19
25.5% 1998-08-21
24% 1998-07-06

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