Reductions in interest rates on real estate loans limited in number but significant

Note:

• The largest overall drops are in Auvergne Rhône Alpes and Provence Alpes Côte d'Azur: 13 basis points on average, with a significant drop in the rates reserved for the best profiles over 20 and 25 years.
• The smallest overall drop is to be noted in Occitanie, a region which had taken a lead and offered the best profiles the best conditions: an overall change of 8 basis points.

It is the rates for 20 and 25 year loans that are falling the most: whatever the region, on average 23 and 26 basis points but for the best profiles. Average rates also fall but more moderately: 6 and 13 basis points.

The regions offering the lowest average rate over 20 years are now the Pays de la Loire with an average rate of 3.85%, tied with Brittany!

Analysis by Cécile Roquelaure, director of studies

For Cécile Roquelaure, director of studies: “If visually we can rejoice in the drop in rates in all regions, and almost all durations, it is not the result of a market movement but of a few players. In fact, only a quarter of banks have changed their scales for the spring. The sign of a slowdown favorable to the market, because a little stability reassures buyers. Among the players lowering their rates, national players seeking to reposition themselves or to be among the highest bidders; which impacts all regions. But the regional banks are not left out: depending on the region and commercial policy, they also practice reductions or negotiations on a case-by-case basis, so as not to lose the best files, the recovery being slow. It is therefore strategic for borrowers to encourage competition by taking care to choose banks with different commercial policies. »

Illustrative image of the article via Depositphotos.com.