Pretto, a 100% digital real estate brokerage specialist, highlights recent trends in real estate loan rates for the month of May. Initiated since the start of the year, the fall in rates continues but is slowing down, subject to two contrary effects: in fact, refinancing rates have been on the rise again for several weeks, while banks have entered into competition on the acquisition of customers via real estate credit.
Thus, most establishments are pursuing rate reductions, even offering themselves the possibility of deviating from the rate scales established by financial departments to acquire files deemed interesting. A good negotiation opportunity for the borrowers concerned! We have also noted several relaxations of granting conditions for the month of May, with certain banks, for example, reducing personal contribution standards.
These changes in rates and conditions open up new perspectives for borrowers, allowing increased accessibility and more favorable conditions, provided they know which banks to send their file to.
For Pierre Chapon, president of Pretto: “Most players continue to reposition themselves and the borrowing capacity of individuals increases month after month. The dynamic started since the start of the year is therefore confirmed, and the reduction in the ECB's key rates, now almost complete for June, should reinforce this trend. »
Illustrative image of the article via Depositphotos.com.
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