2023-09-14 15:06:26
Mortgage rates reached 4.05% on average for 20-year loans. Drawing. (Schluesseldienst / Pixabay)
Real estate loan rates, which reach 4.05% on average for 20-year loans, might see a further increase in the coming weeks. But it might stabilize until the end of the year, without a drop being assured in 2024.
Could mortgage rates, which continue to rise, fall next year? As the broker Vousfinancer reminds us, relayed by
Capital
, the latter reach on average 4.05% for loans over 20 years. In just a year and a half, they have increased by almost three points. And this increase should continue with the announcement by the European Central Bank (ECB), this Thursday, September 14, 2023, of its key rates.
As pointed out
Capital
to deal with inflation, the ECB has already increased its refinancing rate, one of the three key rates, nine times, leading to
in fact
an increase in the cost of money for banking establishments. The latter then in turn raise credit rates to cope.
Towards a rate cut?
In the coming weeks, these rates should therefore continue to rise in light of the ECB’s recent decision to increase its key rates by 25 basis points.
“Most banks have already increased their rates for the month of September, which may suggest that they are anticipating a further increase in the ECB’s key rates this Thursday”
estimates Maël Bernier, spokesperson for
Best rates
near
Capital
.
“This should be the last time the ECB raises rates”
, he however qualified. These should therefore stabilize until the start of 2024.
And following ? A fall in mortgage rates is not guaranteed, even if the ECB were to lower its key rates in the face of a slowdown in inflation.
“In 2011, credit rates stabilized for many months, I think we might experience this situation once more”
, envisages Marc Touati, economist and president of the ACDEFI firm. So you will have to be patient.
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