# Home loan originator BetterBond has welcomed the Reserve Bank’s decision to cut the repo rate by 25 basis points to seven-percent, bringing the prime lending rate to 10.5-percent, its lowest since 2022. National head of sales, Bradd Bendall, says the move offers relief for homeowners. He announced that bond applications rose 7.4-percent over the past year, with home loans granted up by 13.6-percent:
BetterBond welcomes repo rate cut as it boosts property market outlook [SOUND]
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