Pretto, a 100% digital mortgage brokerage specialist, highlights recent rate trends for the month of October. After a summer break, the resumption of the decline initiated in September is confirmed, driven by a monetary policy in the process of easing, a trajectory of budgetary seriousness for France that is emerging, and banks in conquest.
- Central banks confirm a downward trajectory in rates, with respective easings in September of 0,25 points (ECB) and 0,5 points (Fed)
- The formation of the government during the month of September confirmed the orientations towards a reinforced budgetary seriousness
- Several banks are sharing lower scales for October, some are even displaying attractive offers limited in time to start conquering again. This generates increased competition between establishments and therefore more opportunities for borrowers.
Rates are falling by 0,05 to 0,10 points in the month, and this decline should continue until the end of the year with rates that could reach 3 to 3,20% over 20 years at the end of the year.
Evolution of borrowing capacity for a salary of €4.000 gross monthly (€48.000/year)
For Pierre Chapon, president of Pretto: "The real estate market is recovering more vigorously this fall thanks to the drop in mortgage rates, which could quickly revive an increase in property prices. We recommend that all potential buyers seize this window, which represents a very good opportunity!"
Illustrative image of the article via Depositphotos.com.
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