Households will not have had time to take advantage of the increase in the usury rate applicable on 1 October.
The banks took the opportunity to increase the rates of mortgages according to the rate grids consulted by brokers, reports Capital.
“As one might expect, in the wake of the rise in usury rates, the banks significantly raised their credit rates, even up to 0.40 points for one of them!
“says Sandrine Allonier, spokesperson for the broker Vousfinancer.
Thus, over 15 years, the average rates are now 1.7%, 1.9% over 20 years and 2.10% over 25 years.
Some banks even display “rates above 2% over all durations”, specifies the spokesperson.
Meilleurtaux points to average rates over 20 and 25 years, which reach 2.1% and 2.3% respectively.
These levels are comparable to those recorded in the summer of 2016. At that time, the wear rate was around 4%.
Insufficient increase in wear rate
But that is not the case today.
Raised on October 1, the ceiling beyond which banks are prohibited from lending reaches 3.05% for mortgages over 20 years (48 points increase compared to the last quarter) and 3.03% for loans under 20 (+43 points).
Banks are increasing their rates because they base themselves on Treasury Bonds (OAT) to establish their grid.
However, OATs reached 2.81% at the end of September, ie double the previous month.
However, borrowers whose file was blocked this summer still have some leeway.
“If the file shows a rate in the market average, they must quickly contact their bank or broker and accept the loan which is now presented to them”, recommends Maël Bernier, spokesperson for Meilleurtaux.
In a month it will be too late.
The market will again be blocked by the usury mechanism.
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