Loan: real estate rates still low in mid-October
In the middle of autumn real estate rates remain low, and this, in all regions. All indicators remain green for buyers who want to buy in 2017.
October 2017: further declines in mortgage rates
After a moderate rise and a period of stagnation, mortgage rates fall in October 2017. Out of 52 new rates, 28 decline.
In total: 18 mini rates are stable, when 22 fall and 2 increase. Side rates average, almost all fall from 5 to 10 cents.
The fall will therefore be mild on the front of credit rates as banks seek to complete their business objectives as the year comes to an end.
What is the real estate rate over 20 years?
For households that want to finance themselves over 20 years (one of the preferred times for borrowers), the regions are well off. All are even uniform with the exception of the minimum rates over 25 years and 30 years.
Over 20 years, borrowers can obtain an average rate (excluding negotiation) of 1.80% and a minimum rate of 1.32%. A level always exceptional, although higher than that observed last year at the same time.
The North has the most competitive mini home loan rates over long durations
If the North region is the one that sees its interest rates rise this month, it is also the one where they are the lowest in 25 and 30 years. The best profiles (borrowers with high incomes, a large inflow, etc.) can be financed at 1.55% over 25 years and 1.96% over 30 years. The other regions posted 1.64% over 25 years and 2.35% over 30 years.
What is the trend for 2018?
No big surprise, real estate rates will rise but in a limited way. In addition, the Bank amendment, which introduces the annual cancellation of mortgage insurance, comes into force on January 1st. Banks could therefore compensate insurance delegations by increasing their mortgage rates.