Little or no change in the fixed average rates of credit to individuals is one of the conclusions drawn by Pruntisum in its latest monthly newsletter. According to the online broker, the average rates over 15 and 20 years are established at the end of June to 3.00% and 3.35% respectively . Better still, the banks ” continued to make significant haircuts relative to the rates displayed in their price lists “.
Understand: an average rate was actually trading in June around 2.90% over 15 years and 3.15 / 3.20% over 20 years. As ” banks have continued to benefit from attractive financing conditions, they have applied them to the rates of individual borrowers “. This brings real estate interest rates down to even lower levels, never seen before.
Still, interest rates will inevitably go back one day, and Pruntisum does not elude the subject.
” We are entitled for the first time actually to ask the question because the macro indicators we receive have changed direction between late May and late June , said spokesman for Pruntisum. Indeed, OAT and OAT are ironed within a few weeks of an average of 1.80% in May at rates flirting with 2.45% at the end of June, banks that follow these OAT to the letter to set the rates individuals have therefore every reason to pass on this increase “. Added to this is the fact that banks usually take advantage of the summer period to raise their rates.
Meanwhile, Pruntisum excludes any significant increase in rates. And if there is a rise, it will only be limited.
” We must be cautious and do not cry wolf too quickly because if the rates increase for the first time in a year, a rise of 0.10% would translate into reality by rates always lower than 3.40% up to 20 years .” And remember that last year, a rate over this period was trading around 4% on average. Still, future buyers ” with current records [should] not delay their operation because it seems that this time, the floor is really reached .” The answer in the coming weeks.
MAJ : The rebound in interest rates is well and truly confirmed. At the beginning of July, average rates increased from 0.05% to 0.10% compared to last month, bringing the terms 15 years and 20 years to 3.05% ( +0.05% ) and 3.40% ( +0.10% ) respectively. Rates, however, remain at extremely low levels .