Mortgage credit: the best rates you can get in your area

Mortgage credit: the best rates you can get in your area

Rates are very low and nonetheless starting to rise. At median Cafpi, 20-year averages were 1.11% over 20 years and 1.30% over 25 years in March, up 8 and 9 basis points, respectively, over one month. A trend confirmed by the Crédit Logement-CSA Observatory, a reference organization in this field. In February, the average interest rate on mortgages – all tenors combined – was 1.09%, compared to just 1.07% in January.

These increases are currently moderate, and borrowing conditions remain excellent. However, if banks continue to increase their rates during this year, as some brokers expect, it may be difficult for borrowers to assume this addition. An increase of 30 basis points – from 1 to 1.3% – thus adds €6,500 in interest as part of a €200,000 loan over 20 years. Bad news, especially since households are already closely monitored by credit institutions. Since January 1, 2022, with some exceptions, households have been prohibited from allocating more than 35% of their net pre-tax income to making monthly mortgage payments.

>> Our Service – Save money with our mortgage comparison test

For those who have not yet taken the initiative, there is still plenty of time to borrow at very low rates. However, the prices obtained vary from region to region, mainly under the influence of large joint banks – Caisse d’Epargne, Banque Populaire, Crédit Agricole, Crédit Mutuel. Each regional bank can decide to hasten the rate cut if its credit goals are delayed, or on the contrary regulate demand by increasing its balance sheets. Thus, only one of its banks, if it is well established, can change the rates for the entire region.

>> View our slides – Hot prices you can get in your area

In order to give you the keys to borrow, Capital obtained data from Empruntis. The broker relies on the networks in place within the major French banks to raise the rates in effect, region by region, in 10, 15, 20 and 25, that is, the four periods that households mainly demand within the credit framework. For each you will find minimum prices – those obtained by the best profiles – as well as average prices in order to position yourself in the market. Find all this data in our slideshow.

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