The majority of the bans on the revolving tariffs for the tax this month, except for one that has fallen by – 0.05% on the premium rates (reserved for households justifying a monthly net income of 4000 euros). Increases oscillate between + 0.05% and + 0.15% depending on the banks.
Despite this rise, rates still maintain a very low level. For example, the 15- and 20-year rates, which are the main features of the loan conditions offered on the market, stand at 2.80% and 3.20% respectively. The period is therefore more than ever favorable to buy (many deals conclude with price negotiations above 10%) or to renegotiate your current loan. However in the real estate market the economic stress is uncertain, so do not wait to borrow.
The rates should remain stable until the end of 2013
One of the main reasons, the interest rate of the financial markets (OAT 10 years), used as a benchmark for the fixed rates of real estate loans, stable and resides between 2.40 and 2.50%. The trend has even tended to drop since the month of September (the was at 2.63% on 05/09/2013).
In view of the low level of inflation, the Central European Bank (ECB) should keep its key rate at 0.50%, its lowest level ever. ECB’s policy, here holds a lot of cash, allows banks to borrow at extremely low rates.
As announced in April 2013, against the current forecast, rates should remain low until the end of the year. Given ECB’s accommodative policy, which is favored by OAT, rates could rise slightly in 2014, not sharply, except occasionally, when banks want to restore their margins.
In this context, there is no reason to expect a “significant” rate hike in the coming months, subject to external events in France and Europe.
Profit for the economy based on the conditions of real estate and insurance
Renegotiating your mortgage with your bank of origin is complicated. Indeed, this one accepts that rarely to buy back credit at a lower cost since this represents a loss for her. She will then prefer to let you renegotiate your credit with a competing bank. Prefer the broker to negotiate the best terms.
The credit remains difficult to obtain
Even if the banks still lend, are more vigilant about the quality of the files and are more rigid on certain criteria from which the interest of passing is a professional. The broker knows the subtleties of the job. The contribution is a gain of time and consensus in the employment of the global management of the file to obtain the best financing and the best loan insurance in suve independance the banking institutions. All the more so with you benefit from a total exemption from banking and brokerage fees.