DECRYPTION – The increase in the cost of money comes to cut a little more the household budget, already undermined by inflation.
The clouds may be gathering over the heads of mortgage borrowers, but most of them still manage to complete their purchase projects, despite higher credit rates and less favorable credit conditions. But for how long? In recent months, in fact, the cost of housing loans has soared, in the wake of sharply rising market rates. A buyer gets an average of 1.8% over twenty years. It was 1% at the end of last year. The rise even accelerated this summer. “It’s been at least ten years since mortgage rates had not seen such an increase,” confirms Pierre de Buhren, retail banking marketing director at La Banque Postale. In August, loan production should stand at 20.5 billion euros, down slightly from previous months, but within the average of the last five years. “At this stage, the Banque de France figures do not show any blocking of access to credit”we say to Bercy…