Real estate credit: Good news for buyers, rates stabilize in May

After setting up half of the banks in April, mortgage rates remain stable in May, according to the first scales received by brokers.

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Nothing like a sunny week like this to make you want tobuy a house With garden or an apartment with terrace! Professionals, who nicknamed the four months of March to June “the spring of real estate”, know this well. Good news for ownership candidates, credit rates, which had risen in April in half of the banks, are stable in May, indicates to Capital Pascal Courtois, manager of banking relations at Artémis Courage. According to the scales sent by banks to the broker for the month of May, the average rate amounts to 3.05% for loans over 10 years, to 3.10% for those over 15 years, to 3.15% for credits over 20 yearsthe most common duration, and 3.25% for borrowing over 25 years.

The Pretto broker reports, it is slightly lower, to 2.89% over 15 years, a very slight decrease of 0.03 points compared to April. The rate over 20 years is 2.99%, stable compared to the previous month, like that over 25 years, which is 3.05%. A stabilization to put on the account of the drop in the OAT rate (Treasury assimilable obligation) at 10 years old. This rate, which corresponds to that required by investors in the financial markets to lend to France, had exceeded 3.50% in March, the customs duties announced by Donald Trump that fears a return of inflation. The banks, which are partially financed on the markets, had passed on the increase in the OAT return on their mortgage rates in April, so as not to lose money. The rate of the OAT having since dropped to 3.20%, with the retreat of the American president, the banks borrow on the markets “At a lower cost, which encourages them to review their mortgage rate grid”explains Pretto.

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Competition between banks on the mortgage front

If banks do not consider it useful to raise their mortgage rates in May, it is also thanks to the new drop in guiding rates of the European Central Bank, which occurred on April 17. “The ECB thus allows companies, including banks (which finance themselves with it), to enjoy cheaper money”decrypts loanto. “The trend is good”Acquiesce Pascal Courtois, who does not exclude “A slight (commercial) aggressiveness of certain banks in May and June, in the form of a slight lower trend of rates. Some banks, which increased their rates by 20 cents in April, drops them by 20 cents in May “. “A large bank, which had increased its rates by 25 cents on all credit times in April, drops 20 cents in May”confirms her sister Sandrine Allonier, at youfinancer.

Banks in particular enclosures to negotiate to The best buyers profilesthose whose annual income exceeds 120,000 euros, with the rate prospect to 2.70% over 10 years, 2.80% over 15 years, 2.90% over 20 years and 2.99% over 25 years, according to Artémis Cartage. But not only: “All mutual banks have the double mission to seek profitability on beautiful profiles and volume on first-time buyers and young people», Underlines Pascal Courtois. Because “We are in a competition phase between banks during the months of April, May and June, traditionally promisingFor mortgage. And banks need to relaunch this appeal product, after lending very little due to the outbreak of the rates in 2022 and 2023, against the background of high inflation.