As we announced at the beginning of the month, rates continue to drop in September. In the regions, barometers show an almost general decline. Whether mini or average, real estate rates are reaching record lows.
Minimum rate: historically low rates
In September 2016, at Across Lender we are seeing record interest rates for minimum rates. These loan rates, which benefit the best profiles and the best records, reach floors never seen before.
If you want to make a loan over 15 years, know that it is now possible to borrow at 0.90% in all regions, excluding negotiations. Discover the best real estate rates by region on our barometer.
As for property rates over 20 years, the North region has the most competitive rate, namely 1.08% in the North region, against 1.09% in Rhône-Alpes and 1.10% in the other regions.
The significant effort of average rates
Average mortgage rates also show significant declines. Example on the most requested durations:
Over 15 years, average rates decrease by 10 cents in all regions to reach 1.45%;
Over 20 years, average rates are now between 1.65% and 1.75%, with decreases ranging from 10 to 20 cents.
Will the fall in real estate rates continue until the end of the year?
” Today, banking establishments are very attentive to all files because they only have a month and a half left to reach their objectives,director of studies and communication at Across Lender. The month of November will indeed mark the transition to 2017 for the production of credits ”.
It is clear that the real estate rates are roughly the same for all regions. The reason ? The national banks, boosted by their desire to conquer new customers, are catching up this month with the regional banks which have so far been the best.
Do you want to take advantage of this situation to carry out a real estate project? Do not hesitate to make a mortgage loan simulation.