At a time when interest rates are the rain or shine of the real estate market, Le Journal de L’Agence has decided to take stock each month of their evolution. Decryption and moods of our expert Bruno Rouleau, Director of Strategy and Innovation at AFR Financement.
While the last meeting of the High Council for Financial Stability reported some so-called relaxation measures on derogatory standards, it is above all the decision of certain banking players to announce some interest rate cuts which will have caught everyone’s attention.
However, is this the start of a wave of reductions in real estate loan scales?
Not necessarily, because if inflation slows and bank refinancing conditions improvethe banking sector still remains tense.
But OK ! Everything that is taken is no longer up for grabs… So let’s look at the positive side of things, and admit that banks will remain vigilant and selective on real estate loans, while emerging from a long period of restriction.
Concretely, the rates practiced today seem to be stabilizingdepending on the duration, on the following ranges:
- Bridge loans: between 4.10 and 4.50% (rates indicated excluding loan insurance)
- Loans under 15 years: between 4.10 and 4.50%
- Loans over 20 years: between 4.10 and 4.60%
- Loans beyond 20 years: between 4.30 and 5.00%
Another key point to follow closely in the coming months: the situation of variable or revisable rate loans. The gap between the usury rate on fixed rates of 20 years or more and that of variable rates has in fact widened. Which could suggest a return of this type of product in bank credit proposals, even if it means returning to mixed loans or “duos”. To be continued….
Bruno Rouleau
Bruno ROULEAU former President of APIC. A CNAM graduate in banking, he worked for 20 years within 4 banking groups, where he held all operational functions in the Individual, Professional and SME markets. He then joined the credit brokerage brand In&Fi Crédits for 5 years, with the position of Associate Director, in charge of Training, Assistance and Partnerships, and created In&Fi Crédits Pro and the IFIB (Institut of Training for Bank Intermediaries) alongside Pascal BEUVELET. In 2010, he joined the General Management Committee, then the Executive Committee of CAFPI, in charge of the group’s Major Commercial Agreements and the Internal Organization. He created MUTANS CONSULTANTS in September 2015, a training and consulting firm which supported companies and networks in their digital shift, and in particular to optimize their change in Customer Relationship management. Returning to the world of brokerage in 2018, he first returned to IN&FI Crédits as Director of Partnerships and spokesperson, before moving to La Centrale de Financement as General Secretary, and is now spokesperson and Director of Strategy and Innovation at AFR Financement.
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2023-12-14 10:34:37
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