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Why mortgages will be close to 3% in January

2022-12-23T05:24:45.122Z


DECRYPTION - The usury ceiling, the maximum rate at which banks can lend, will increase on January 1. The offers are already adapting. This is just the beginning.


The soaring cost of real estate credit penalizes the French who have a purchase project.

Borrowing below 1% per year is just a distant memory.

It is now necessary to pay nearly 2.2% for a loan over 20 years.

And this rate could climb to almost 3% in January.

The banks have already started to revise their scales upwards.

“Some have raised their rates by nearly 0.4 points,

warns Sandrine Allonier, spokesperson for the broker Vousfinancer.

With such increases, their offers will not be far from 3% over 20 years in January.

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These new credit conditions will hurt buyers' wallets.

They have been experiencing an increase in prices for several months while at the same time prices continue to climb.

Results, they lost 4 m2 of real estate purchasing power in one year, according to the Notaries of France.

The French's appetite for stone is already suffering.

“We are already seeing fewer requests in recent months,”

laments Maël Bernier, spokesperson…

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Source: lefigaro

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