How low can you go? How low can you go?
The game of French mortgage limbo has stopped. After three years of almost uninterrupted decline, the rates of housing loans have bounced back.
Fifteen national and regional banks have now increased their lending rates by anything from 0.05 to 0.30% depending on the institution.
Only one institution has bucked the trend, cutting rates by 0.20% (except for loans over 25 years), while the remaining banks have left their French mortgage rates the same, at the all time low levels.
Here at French Private Finance we are still finding our clients the best possible products available on the market, but we are urging those in the process of completing the applications to be a swift as possible.
With rates rising both domestic and international clients are moving quickly to capture the lowest rates while they are still available. On the whole rates will hover around their lowest-ever levels for the next two months.
If you would like to find out more about what has caused this latest jump in rates, please read our latest French Mortgage Watch new and be sure to sign up to receive our next newsletter.