News about French Mortgages

New rates for the next few months came up today. Despite of one of the banks going  the opposite way of the market trend, variable rates continue to fall.

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Thanks to the recent decision of the ECB to reduce its main rate by 25 points to 1%, The Euribor 3 months has followed the trend to reach 1.10% (compared to 1.25% previously). Read more »

1.    Money markets rates
Since the end of 2010, interest rates in short-term financial markets (Euribor 3 months and Euribor 1 year) have been predominantly increasing after Read more »

When applying for a French mortgage for the purchase of your French property, the most important aspect to consider is the type of interest rate to choose. Read more »

It is good news: as a result of the decrease of the 10 years OAT (government bond rate), two banks (out of eight) reduced their French mortgage rates while the others opted for keeping rates stable. Read more »

Despite the new rise of the 3 month Euribor to 1.4%, one of our major lenders in France has decided to lower his margins in order to be able to offer the same rates to Sextant Mortgages customers. Read more »

The total figures of French property mortgages granted by the French banks in 2010 should reach €140 billion in 2010, which is 17% more than in 2009, but remains far from the 2007 record of €170.23 billion, Read more »