2024 starts under better auspices for real estate loan rates

The drop observed is on average 20 basis points, but one partner even announced a drop of 40 basis points! However, we are not yet in a generalized decline but this good news can be seen in the average rates: drop of 10 basis points over 10, 15 and 25 year periods and even 15 basis points over 20 years. Over 7 years, the drop is only 5 basis points.

Analysis by Cécile Roquelaure, Director of Studies at Empruntis

“The drop in 10-year OATs offered banks room to lower their rates but we will note, as always on the downside, caution: the 100 basis points on the OAT turning into 20 basis points at the most willing partners. And the banks are right to be patient. The last few days have seen the OAT regain some color (around thirty basis points in less than 15 days). The real estate market needs stability, and this also applies to rates. Another good news at the start of the year concerning the PTZ: the wait for the texts implementing the new PTZ opens a “small” window for borrowers who would still like to benefit from the 2023 version: individual houses in zones tense and new housing in relaxed areas. Please note, however, this will be done on tax notice 2023 and therefore RFR 2022 and to date the files must be complete in the bank before February 1st! » explains Cécile Roquelaure, Director of Empruntis Studies.

Monthly average 10-year OAT evolution, average rates offered by banks over 20 years and 25 years

Illustrative image of the article via Depositphotos.com.