The percentage of mortgage applicants opting for loans priced with reference to Hibor increased from 42 per cent in January to 77 per cent in June. Photo: AFP

More homebuyers opting for cheaper Hibor-based mortgage loans

Homebuyers shun banks' standard mortgage offerings in favour of the lower interest on products set in line with the local money market rate

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The percentage of mortgage applicants opting for loans priced with reference to Hibor increased from 42 per cent in January to 77 per cent in June. Photo: AFP
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