2023-12-06 15:00:03
This is a great first since summer 2021! Real estate loan rates did not record any increase in December. The majority of banks opted to maintain the prevailing rate, while some actually lowered them.
Thus, most of the rate tables display remarkable stability, while others have dared to go for the big charm number with drops of 0.10 to 0.20 points. « A national bank, back on the market since September and which had lowered its rates by 0.20 points in November, even lowered them by 0.10 points. The movement of rising rates therefore seems to be coming to an end! “, exclaims with enthusiasm Vousfinancer, which notes in its update for the month the stability of rates at 4% over 15 years, 4.2% over 20 years and 4.50% over 25 years.
“In December, the stabilization of credit rates which seemed to be taking shape in November was confirmed with most of the scales received stable and even falling for some ! We sense a positive development in the commercial policy of banks : most want to reposition themselves by offering more attractive rates, even if still high, following having exited the market due to the very high rates they offered… This is only the beginning of a trend, but it is very positive : a month without any rate increase is unheard of since summer 2021 ! », Comments Sandrine Allonier, spokesperson for the broker.
Le signal positive du HCSF
Returning, for her part, to the recent readjustments adopted by the High Financial Stability Council (HCSF), Julie Bachet, Managing Director of Vousfinancer, explains that she certainly sees a positive signal, but not necessarily a revolution. « The good news is that following several months of alert, the HCSF is finally taking note of the market difficulties that we have been facing since the beginning of 2022 ! The measures announced, in particular concerning the extension of the duration of loans via a deferral in the event of work, but also the non-taking into account of the interests of bridging loans in the calculation of debt, are already in place in certain banks , it is therefore not a revolution, but it remains a positive signal given to future borrowers regarding an improvement in borrowing conditions, which can perhaps limit the phenomenon of self-censorship or wait-and-see attitude that we observed for several months », she explains.
Investors, the big ones forgotten by the adjustments
Deciphering in more depth the adjustments of the HCSF and their expected impacts, Sandrine Allonier finds that the targeting seems good. « On the one hand, first-time buyers : many young buyers are turning to properties with work, or even thermal sieves, the prices of which have fallen the most, with banks increasingly wanting to include the work in the loan in order to add value to the property in the event of resale. On the other side, second-time buyers : helping them move to buy bigger by facilitating the granting of bridging loans can allow for better turnover of properties and free up small spaces for first-time buyers who, by remaining tenants, create tension on the rental market! Ultimately, those largely forgotten by these adjustments are the investors, who, we hope, will at least be able to benefit more easily from the banks’ margin of flexibility… “, she points out.
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