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Mortgage loan rate: it started again for a fall.

They had tumbled before stopping then even increasing but this time the mortgage rates fall!
So of course, no euphoria, we are not talking about a net fall like the ones we saw at the start of the year since this is a drop of 0.05%. It is not much but it is already that.

An average drop in mortgage rates of 0.05%

An average drop in mortgage rates of 0.05%

Aside from those over 20 and 30 years which have held up compared to last month, the overall rate drops by 0.05%. With an average file, a borrower can therefore clearly obtain a credit at 3.20% over 15 years, 3.55% over 20 years and 3.90% over 25 years. The very good files can expect respectively 2.30%, 2.95% and 3.24%.

Big differences between banks

Big differences between banks

But beware, as usual these are averages and if you look at the offers more closely, you will see that not all banking establishments offer these figures. Far from there. Only a large third of them actually lowered their rates. For others it is the status quo.

But don’t banks have an interest in lowering their rates?

But don

Unfortunately no. “Like last month, the difference in banks can be explained by the analysis they make of their business prospects, ” comments Good Bank spokesperson Miel Cannor.

And obviously not all do the same analyzes. There are those who lower their rates to attract customers who will conclude their contract next year, and those who, satisfied with their figures, just keep their volume.

“To simplify, continues Miel Cannor, there are those who are already preparing for 2014 and those who are focusing for the moment only on the end of 2013 which they consider for many of them rather good, in particular thanks to the buyback operations credit “.

It remains to be seen in which category your bank is located and if you cannot find a cheaper elsewhere by comparing.

And tomorrow ?

And tomorrow ?

Tomorrow there is no reason for rates to go up since, as Miel Cannor reminds us, “the fall in the French rating was without influence on the level of OATs and, moreover, the EB’s announcement to lower its main key rate rather has a bearish action ”. In short, no increases or decreases or very slight, bet instead on stability.