This is a constant source of concern for the real estate sector.
The wear rate, which represents the ceiling above which a bank can no longer lend money to its customers, will experience an adjustment.
With real estate interest rates rising, the latter often prevents the French from becoming homeowners.
If the wear rate had been raised in January to 3.57% for credits over 20 years old, its pace was considered too slow for brokers, who warned of the lag with the sharp rise in interest rates.
For several months, credit professionals have been fighting to make the system more flexible.
And allow the reassessment of the wear rate every month when it was only done quarterly.
It is now done.
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After a meeting on Wednesday between the services of Bercy, the Banque de France and the brokers, the Ministry of the Economy therefore accepted the
“proposal for temporary monthly payment of the revision of the rate of wear (...).
in order to allow, in this period of rapid rise in rates, the usury rate to adapt more quickly and more fluidly to the evolution of market rates.
And the latter added:
"This monthly payment will make it possible to maintain the objective of protecting borrowers that the wear rate has, while avoiding a situation where the wear rate would become a factor of rationing of the supply of credit."
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The Governor of the Banque de France had already shown his support for this new system on Wednesday morning during a hearing in the Senate.
“There has been pressure from various lender representatives to bring the attrition rate up significantly faster.
I don't think that's desirable.
We need a gradual and orderly recovery to protect borrowers
,” said François Villeroy de Galhau.
The monthly payment, reduced to a
”, can then be “
justified if it is desired by the credit professionals whom we will consult in this regard.”
Thanks to the technical work, which will be undertaken for reasons of computer adaptations, this modification could come into force, according to Bercy, on February 1 or March 1.