Real estate credit: will borrowing rates soon reach 5%?

2023-08-30 22:55:53

But where will the rise stop? In September, the maximum rate for mortgages over twenty years and more is set at 5.56%, the Banque de France has just announced. That is 0.23% more than in August. Just over a year ago, in the second quarter of 2022, this famous attrition rate, which corresponds to the average effective rate increased by a third, was 2.4%. This ceiling only follows the unprecedented rise in rates that has been observed for a year and a half now. From 1% on average at the start of 2022, loans over twenty and twenty-five years have, as expected, reached the 4% mark for this start of the school year. And it may not be over.