Real estate credit: stable interest rates, borrowers breathe
Fixed mortgage interest rates continue to remain unchanged, according to the latest monthly newsletter published by Pruntisum. As a result, the 15 and 20 year reference periods are maintained at 4.00% and 4.25% respectively, which is explained by the decline in OATs. This has allowed ” the banks to maintain low rates while meeting the requirement of margins related to Basel 3 criteria “.
For borrowers, this is of course good news. They have ” a rather favorable shooting window and this should continue in the coming weeks “.
Better, the side of the minimum rates, the trend is even more “favorable” since the online broker records a decline of 0.10% compared to January. And it is not impossible that the banks will apply further reductions in this type of rate in the future.
With regard to variable rates, “a few anecdotal increases ” are recorded but the trend is broadly in line with the status quo.
What next weeks? According to Pruntisum, the time is rather optimistic. ” On the front of home loans, the sky seems to clear for credit rates. Indeed, boosted by declining long-term rates and a European Centrum Bank that restores liquidity, French banks have a wider margin of maneuver than a few weeks ago and announce with a unanimous voice decreases for the coming weeks. “
Remains a flat: banks have not changed their award criteria that remain very ” strict ” because of the economic situation. Understand: ” we lend cheaper, but we ready prudent, ” according to Pruntisum.
Deal with Best Agents
The news of Pruntisum is also marked by the signing of a partnership with best agents. The agreement provides borrowers with the provision of additional online services, as summarized by director of Pruntisum: ” that we buy for the first time or that it s’ is a buy-sell, it is essential to take into account the real value of the property in the financing plan.