While brokers note a decline in real estate rates, the Crédit Logement CSA observatory provides the average rates for real estate loans given by banks in July. On average, a 20-year loan always trades at 3.50%!
Real estate rates continue to decline. According to the latest Crédit Logement CSA observatory, published this Thursday, average rates in July are 3.62%, all periods combined, i.e. the same rate as July 2023. In June, the average rate was 3.66% and 4.20% in December. The observatory details the average rates received by borrowers over 15, 20 and 25 years for the past month.
Over 15 years, the average rate in July is 3.49%, 3.50% over 20 years and 3.62% over 25 years. In December, these rates remained at 4.11%, 4.26% and 4.35%. It is the loans with the longest periods that have benefited from the fastest reduction in rates.
The drop in rates will increase
And rates, even if they drop very slightly between June and July, should drop further at the start of the school year. “Usually, when the seasonal demand comes back out of steam with the arrival of the summer holidays, the banks stop in the decline in rates: they then wait until the beginning of the school year in September to review their scales down and support them. request back, before it goes dormant during the winter months. This year is an exception to the rule, especially since credit institutions are expecting several reductions in the refinancing rates of the ECB, in late summer and autumn,” the Observatory explained in its press release .
2024-08-02 02:20:16
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