|Rate Index||Current Rate||Rate as of|
|Euribor 1 month||-0.071%||10/07/2015|
|Euribor 3 month||-0.018%||10/07/2015|
|Euribor 6 month||0.049%||10/07/2015|
|Euribor 1 year||0.164%||10/07/2015|
|TEC 10 (Taux de l'échéance constant à 10 ans)||1.22%||13/07/2015|
European Bank Base Rate and Euribor
The vast majority of all French mortgages use the 3-month Euribor as their reference index with a margin added on top. Current margins are in the region of 2% over the 3 month Euribor.
Fixed rate mortgages: The TEC 10 index
The TEC 10 index in France gives an indication of how much the French government is charged to borrow money on a 10-year basis. In this way it is also an indicator of economic confidence and the perceived outlook for growth. Movements in the TEC 10 often produce changes in the available fixed rate mortgages in France. These changes are not instant and usually take a few weeks to come into effect.