It starts to move side mortgages. Interest rates granted to individuals by banks, historically low for months, could start a slight recovery, believe brokers
If competitive lending rates were 1.33% on average in October, according to the Crédit Logement / CSA observatory, « the average rate at the beginning of November is on the rise », Cafpi says A note issued Wednesday. « The banks said, in November they will raise their rates, » continues the broker.
The 10-year borrowing rate of France (OAT), which serves as a reference for fixed-rate borrowings of individuals, is indeed « frankly rising », he said. It went from 0.34% at the beginning of the month to 0.83% in the aftermath of the election of Donald Trump to the American presidency, which raises fears « an inflationary increase » in the United States, according to Philippe Taboret, Assistant to Cafpi
« A gradual and limited increase »
However, this increase will be « progressive and limited, due to the banks’ strategies for 2017, » says Empruntis.
Source: extract article Le Parisien November 2016