ZIMBABWE’S mortgages remain unaffordable to many despite most financial institutions lowering rates to within the 12 percent ceiling prescribed by the Reserve Bank of Zimbabwe, it has emerged. In the first half of the year, three banks introduced new mortgage products; but market watchers maintain lending rates in the country remain high. Real Estate Institute of Zimbabwe (REIZ) president Mike Juru attributed this to Zimbabwe’s use of the United States dollar as an anchor currency, highlighting that this had made the country’s mortgages higher regionally. “The sector has various challenges but the main one remains the fact that property sellers want the United States dollar while banks are advancing loans in Real Time Gross Settlement (RTGS). In South Africa mortgage…