Real estate loan: flat calm on the front of credit rates
Real estate rates do not move or almost. Unsurprisingly, few variations are actually recorded compared to early May. The Credither guide takes stock of national rates.
Grids that hardly evolve
Few scales have really moved. At the national level, 4 banks have sent us new grids:
- 2 banks applied increases (which relate to redemptions);
- 1 did not touch his rates;
- 1 has lowered its credit rates for the best records while increasing its rates for more “classic” profiles.
At the regional level, 19 grids were transmitted to us. There are mainly increases (from 3 to 12 cents), a few drops (between 4 and 10 cents) and some stagnations.
Barometers that do not move either
Mechanically, our barometers do not evolve too much either. On the side of the mini rates (the rates granted to the best profiles), 5 are stable. The 15 and 20 year reference periods are respectively 1% and 1.30%. Only the duration of 30 years increases by 6 centimes.
On the side of the average rates, only the shortest durations (7 and 10 years) retreat, and in a minimal way (5 cents each). The other 4 durations? In two words, status quo. As a result, the fixed rates on the most requested terms 15 years and 20 years continue to stand at 1.55% and 1.80% respectively.
Our barometers echo the latest statistics from the Banque de France. According to the monetary institution, the average bank rate for housing loans in April rose slightly: 1.57%, against 1.50% in January and 1.54% in March.
This is certainly a relative increase, but sufficient to reduce the production of mortgage repurchases and, more generally, that of home loans.
Despite this decline in activity, mortgage lending rates – we will never repeat it enough – continue to remain at historically low levels.