Attrition rate of 20 years or more has increased to 6.39% since April

Now updated every 3 months, the new interest rate reached 6.39% on April 1. It is now well ahead of average real estate rates.

After being updated monthly for a year, the usury rate is now back to its normal calculation method i.e. quarterly. This is why, while average real estate rates are falling, usury rates continue to rise. Thus, the new usury rates applicable on 1 April were published government newspaper And they reach 4.56% for loans of less than 10 years, 6.13% for loans of 10-20 years and 6.39% for loans of 20 years and above. The rate for the same period three months ago was 6.29%.

Final Stage: Is the real estate market starting to pick up again?  - 07/03
Final Point: Is the real estate market starting to pick up again? – 07/03

The average real estate rate reached 3.99% in February, compared with 4.13% in January, according to data from the CSA Credit Loans Observatory. In detail, the average rate over 15 years is 3.79%, over 20 years is 3.90% and over 25 years is 3.99%. For its part, broker Woosfinancier noted in early March that it was possible to borrow at an average of 3.8% over 15 years, 4% over 20 years and 4.2% over 25 years, but the lowest rates negotiated were 3.5% over 15 years. Reached. years, 3.6% in 20 years and 3.9% in 25 years.

Normalized decline not yet expected

Julie Bachet, general manager of Woosfinancier, specified: “We believe that rates will generally remain stable over the coming weeks, between 3.7% and 4.20% over 20 years, depending on banks and profiles. There is not a generalized decline in rates.” This is not happening immediately and those who have a real estate project before the summer have every interest in completing it without any delay.”

wear rates The maximum rates are set by the central bank based on the rates charged by banks in the last three months. Their objective is to protect the borrower from excessive indebtedness. This rate typically limits all costs of a real estate loan: the credit rate charged by the bank, potential brokers’ commissions and borrower insurance.

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