Christopher Faleyras 6:17 p.m., March 01, 2023
The wear rate is reassessed this Wednesday, March 1 and reaches 4% for 20-year fixed-rate loans, and 3.87% for 10 to 20-year loans.
A measure enacted by the Banque de France which, coupled with a monthly update for six months, should make it possible to reduce the number of rejected files when applying for a loan.
Is it the right time to go see your banker?
New attrition rates go into effect this Wednesday, March 1.
For fixed rate loans over 20 years and over, the maximum rate at which you can borrow is 4% compared to 3.79% in February.
For loans of 10 to 20 years, wear and tear goes from 3.71% to 3.87%.
This third increase of the year should make it easier for some borrowers to access credit.
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Why is attrition blocking folders?
Indeed, the increase in mortgage rates has been so rapid in recent months that the total cost of the loan came up against, or even exceeded, the security ceiling imposed by an excessively low rate of wear.
It is also to avoid this that the usual quarterly updating of the wear rate has become monthly for six months, until July.
A measure by the Banque de France, published in the Official Journal on February 26, which should therefore make it possible to unblock a certain number of loan files.
Still, the benefit of the monthly update will not necessarily be sufficient to pass all the files.
In particular those of first-time buyers, whose loan access conditions are tougher than for other profiles.
Without forgetting that the context remains unfavourable, between galloping inflation, prices that are still high and interest rates that keep rising.