Real estate credit: interest rates vary by region
As we have seen, mortgage interest rates for individuals have fallen in recent weeks, and this trend has just been confirmed by the regional barometers published by Pruntisum. According to the online broker, the 15-year and 20-year benchmark rates are respectively 3.10% and 3.40% on average, a decrease of 5 and 10 basis points (-0.05% and -0.10%). compared to mid-February.
This is the consequence of both the decline in OATs (the index on which interest rates are indexed indirectly) and real estate spring, which is the sector’s first high point of the year.
The Rhône-Alpes and the South-West, the cheapest regions
Geographically, if the online broker observes a decline in rates in all regions, disparities are still observed. Clearly, it is cheaper to borrow in some areas than others.
Thus, over 15 years, it is in Rhône-Alpes that interest rates are the lowest with an average of 3.05% . At the other end of the ranking, the North region closes with 3.25%. Between these two extremes are the East, Mediterranean, Southwest, West and Île-de-France regions with 3.10% each.
Over 20 years, the champion of real estate purchasing power is the Southwest region with 3.35% . It is followed by the East, West and Mediterranean (all with 3.40%), followed by Île-de-France and Rhône-Alpes (3.45%). The most expensive region remains the North with 3.55%.
An embellishment transient
At almost the all-time low, the question now is whether the interest rate cut will last. And the response of Maël Bernier, director of communication at Pruntisum is unequivocal. ” The decline is confirmed throughout the French territory under the combined influence of the decline in long rates but also promotional rates distributed in the many shows that are currently held. Nevertheless, we continue to believe that this exceptional rate hike is not intended to last forever . “
In its last barometer, Pruntisum evoked a possible rise in interest rates in the second half of 2014. For buyers who would hesitate to embark, the message is clear: do not wait to start your real estate project and compare offers financing.