While in January the downward movement was carried by only half of the banks, at the beginning of February Empruntis notes an acceleration. Indeed, 2/3 of the scales are decreasing, on average 20 basis points, but some are even announcing reductions of up to 40 basis points (banks having not increased or decreased their rates since November ).
The remaining third is more stable. Only 2 banks chose an increase of 5 and 10 basis points. In the latter case, it is a readjustment linked to a very significant drop in January. The average rate over 20 years is therefore 4.05% and the best profiles are given rates starting from 3.75%.
Analysis by Cécile Roquelaure, Director of Studies at Empruntis
For Cécile Roquelaure, Director of Loan Studies: “It’s real estate spring before spring!” The banks are very proactive: widening the criteria (such as for example financing rental investment or 30-year loans), lowering rates to be attractive and giving households room for maneuver (margins also recovered thanks to the level of lending). 'OAT for banks), additional subsidized loans for first-time buyers of up to €25.000 (some at zero interest, others at rates significantly lower than "normal" rates... Everything is done to stimulate the market and allow the French to plan again in a real estate purchase and lift the wait-and-see attitude. »
Monthly average 10-year OAT evolution, average rates offered by banks over 20 years and 25 years
Rates recorded on 6/02/2024. Evolution compared to 08/01/2024. The rates indicated exclude insurance, depending on the profile and need.
Illustrative image of the article via Depositphotos.com.
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