Mortgage loan rates: average increase of 17 basis points in one month

Mortgage loan rates: average increase of 17 basis points in one month

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Usury rate, loan rejection cases explode!

While mortgage rates have increased significantly since the beginning of 2022, with increases of 20 points on average, the erosion rate for loans of 20 years and over remains low on April 1. This maximum rate at which one can borrow has reached its historic low, at 2.40%, in the context of sharp increases in interest rates, however, which has had the effect of excluding more and more borrowers, and is no longer just the most fragile or high insurance rate. Because of age or a health problem.

Erosion rates rise over short periods but decrease further over more than 20 years

In the current context of increases in credit rates, the publication of usury rates for the second quarter, the rates above which it is forbidden to lend to an institution, has been eagerly awaited. The penalty just fell, in the Official Gazette of March 28: if the rate of erosion rises over short periods, less than 10 years, it drops again for loans of 20 years and over to its lowest level. at 2.40%, compared to 2.41% in the first quarter of 2022, but 2.6% a year ago.

Reference Prices Benefits
Personnel wear rate (applied in the second quarter of 2022) (1)
Maximum mortgage rate (more than 75,000 euros borrowed)
Credit erosion rate for less than 10 years 2.51%
Credit erosion rate for less than 20 years 2.43%
Credit erosion rate for 20 years or more 2.40%
carryover loan erosion rate 2.87%
Variable credit erosion rate 2.32%

(1) Pricing source: Banque de France

Mortgage rates offered by major banks

In order to get an idea of ​​the rates offered for mortgages by different banks, we present to you this summary table of the rates offered in different banking institutions.

Average prices recorded in April 2022

These data are compiled from information provided directly by ANIL’s partner financial institutions: Caisse d’Epargne, Crédit Agricole, Crédit Mutuel, La Banque Postale and LCL.

be careful ! These rates do not take into account your contribution nor your financing terms.

Mortgage credit: rates offered by brokers

Average Fixed Market Rates for Home Loans – Data updated as of 05/05/2022
credit terms maximum rate average prices lowest rate.
7 years 1.20% 1.10% 1.03%
10 years 1.35% 1.25% 1.10%
15 years 2.02% 1.60% 1.30%
20 years 2.40% 1.85% 1.60%
25 years 2.51% 1.80% 1.70%
update in 05/05/2022

. Prices do not include compulsory and optional insurance. Average market rates (with a contribution of 20%), calculated on data from mortgage brokers. Indicative data only. These rates relate to creditsdon’t negotiate

. So you will logically get prices slightly lower than those above, if you are a good negotiator (and possibly a good customer). negotiate

: keyword! Feel free to wander around the banks in your city. Feel free to mention the possibility of changing banks (and do so if necessary!), it is often very profitable. You should know that the new customer is expensive for the bank. You deserve a lot, so take advantage of it!

Finally, be aware that the credit rates of the major network banks are reviewed week by week. So feel free to come back regularly…

Rates: All interest rates as of May 2022 to follow (inflation, mortgage, usury, savings account, term account, equity, OAT, etc.)

Interest rates May 2022 © Savings Guide / stock.adobe.com

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