• A more expensive mortgage, but more profitable investments
Borrowers will be the first victims of the ECB's monetary tightening.
The rise in the rate - expected at least 0.75 points by September - and its contagion effects on mortgages are a new blow to the head for buyers, already struggling to finance themselves.
The OAT, the 10-year government bond, on which the banks lock themselves to fix their mortgage offers, will logically go up.
It is now at 1.85% over 10 years.
As a result, housing loans, already overheated for several months (+0.5 points since the start of the year), will continue to grow bolder.
"The banks, which have already anticipated this new market environment, have planned to continue to increase the level of mortgage loans by the end of the year",
indicates Philippe Crevel, director of the Circle of savings.
Some bankers are betting on rates at 3%, insurance included, over 10 years, by the end of the year.
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