It is a slight progression but confirms a trend. The average mortgage rate in April, marked by a collapse in loan production, stands at 1.17%, according to the monthly Credit Housing / CSA study, published on Tuesday. Far from a sharp increase, the average rate has increased steadily by one or two basis points since December, to levels which remain close to the bottom of last November (1.12%).
“This is just the tip of the iceberg. This measured increase does not take into account recent movements in rates, which are applied to new files ”, warns Ludovic Huzieux, co-founder of Artémis Courtage. Clearly, the figures for Crédit Logement do not reflect the new scales of banks and the next barometer, in May, should post more substantial increases.