Home » Business » The new real estate rate records have arrived !, Actualité / Actu Immobilier

The new real estate rate records have arrived !, Actualité / Actu Immobilier

The Vousfinancer real estate loan brokerage network mentioned in August the possibility of observing new interest rate records at the start of the school year. Here they are: 0.50% over 15 years, 0.70% over 20 years and 0.90% over 25 years for the best borrower profiles and on average 0.95% over 15 years, 1.10% over 20 years and 1.35% over 25 years. Vousfinancer thus notes that some banks again lowered their mortgage rates in September and not just a little: down to 0.20%! In the other banks, the rates remain stable overall, with always the possibility of discounts on a case-by-case basis, for the profiles considered to be the most attractive.

A still buoyant context

While bank refinancing rates are still at the bottom with 10-year bond rates (OATs) back in negative territory since the start of July, Vousfinancer also notes that banks are once again in the process of winning over new customers. at the start of the school year in September, ” home stretch to meet their business credit production goals for some, and even exceed them for others ».

More good news: loan application processing times seem to be gradually returning to normal, as bank staff took advantage of the lull in August to manage pending credit files. ” It is again possible, in some banks, once the complete loan file has been submitted, to obtain an agreement in principle within a few days, a firm agreement within 10 days with loan offers issued 2 to 3 weeks later. », Specifies Vousfinancer.

Watch out for inflation

Julie Bachet, CEO of Vousfinancer, adds that “ the recovery of a whole section of the economy that has been stopped for several months and the end of short-time working in many companies are positive signs for the banks which also allow certain borrowers, excluded from credit in recent months, to be able to borrow again ».

However, the Cafpi brokerage network sees this economic recovery as an additional catalyst for the already observed rise in the prices of raw materials, agriculture and energy. ” This cycle of high inflation will inevitably lead to a rise in interest rates », Considers the Deputy CEO of Cafpi, Philippe Taboret. It remains to be seen when, but Philippe Taboret admits that this possible rise will not be brutal …

Mortgage rate in September 2021
Money & You according to brokerage scales
Loan term 10 years 15 years old 20 years 25 years
Average rate 0,70% 0,95% 1,10% 1,35%
Minimum rate for the best profiles 0,40% 0,50% 0,70% 0,90%

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