Real estate credit: the fall in rates continues

Published on by Delphine from OltottMesz

New drop in mortgage rates in June 2014 according to the Housing Credit Observatory / CSA. The mark of 2.85% for the average rate established last May has just been erased in June, the new record is now 2.81% for an average rate on the mortgage market.

If we look at the figures in more detail, the most significant drop observed concerns old housing with 2.78% against 3.08% in December 2013. Regarding the figures for new buildings, the decrease is. more moderate with 2.87% in June against 3.08% in December 2013.

Other figures to note, this time concerning the increase in personal contributions, which has been + 2.7% since the start of the year. Regarding the duration of loans granted, it stabilized around 17 years with 206 months noted last June.

With an OTA also currently at its lowest, around 1.6% in June, mortgage rates should therefore hardly recover between now and the end of this summer. Which bodes well for the real estate market.

Despite a slight increase during the fall of 2013, now mortgage rates have stopped falling since the beginning of the year. The increase predicted by some organizations has therefore still not taken place. However, several elements may change this trend by the end of the year, in particular the new reform concerning loan insurance or the tightening of the conditions for granting real estate loans announced by the Basel Committee, in charge of supervision. banking.

Source: Housing Credit Observatory / CSA
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