Real estate: flat calm on the front of the loan rates
In the continuity of the last weeks, very few variations were observed over a month concerning the fixed rates practiced in France. And summer should not be marked by major upheavals.
Few movements in June
Let’s start with the mini rates, those given to the best records. Only 2 property rates move, one on the rise (the loan rate over 25 years), the other down (the 7 year). As for the durations of 15 years and 20 years (the durations most popular in mortgage loans), they stabilize at 1.00% and 1.30% respectively. A status quo observed since May.
On the side of average rates, there are no major upheavals either. Just 2 rate decreases, they concern the durations 20 years and 30 years which fell by 5 and 10 cents. The terms 15 years and 20 years are respectively 1.55% and 1.75%.
By type of institution, we note that 2 national banks lower their grids by 5 or 10 cents. On the side of the regional banks, there is mainly stagnation, even if rate reductions are observed.
How are the real estate rates going to change before the start of the school year?
Will the summer be rotten for borrowers? A priori no, although this period is generally conducive to increases in bank rates. The stabilization observed for several months should therefore continue throughout the summer period. Understand: real estate rates would remain at attractive rates in the coming weeks, which is rather good news for buyers. But beyond? September should not be a big shake-up, but it is still difficult to make projections at the moment.
It all depends on the banks and their trade policies. Indeed, several parameters come into play: commercial objectives of the lenders reached or not, their margin level, strategy of the EurCen Bank which indirectly affects the bank rates offered to individuals, the latest regulations adopted. Banks will make a balance sheet during the summer – and depending on it – adjust their mortgage rates.