News about French Mortgages

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Good news!  The movement of lower interest rates is picking up again, motivated by the bank’s desire to win over new clients in March.  After February was marked by a stable average rate, a large majority of banks has reduced its lending rate for the month of March, from 0.11% on average and up to 0.20% for some.
Only 7% of them have decided to slightly increase their rates, from 0.05, while 36% have kept them at the same level. Considering these advances, the average rate in 15 years has gone from 3.80 % to 3.75 % (equivalent to a decrease of less than 5 Euros for a monthly fee of €1,000) when the best proposed interest rate over 15 years is 3.50%; a level not seen since May 2006. This reduced trend of rates concerns mortgages of all durations, except for 30 year loans which remain at a stable 4.30%. This decrease is put down to the fact that the month of March is traditionally the most conducive to real estate. In this context, banks are now seeking to offer more attractive financial conditions..