THE mortgage rate have not been falling for six months. They even started going back in September, approximately 0.10 points, carrying the average rate of credits over 20 years at 3.35%according to the barometer published by Borrowed this Friday, September 19. But this national average mask of regional disparities. “The southern regions benefit from slightly more favorable conditions, while the West (Brittany and Pays de la Loire) is distinguished by higher rates”indicates the broker.
It is indeed in Occitania and in Provence-Alpes-Côte d’Azur (PACA), as well as Auvergne-Rhône-Alpes (Aura) and in Bourgogne-Franche-Comté That rates over 20 years (excluding insurance) are the lowest (see infographic below), at 3.30% in each of these four regions. For them best profileswith substantial savings and income, it is even possible to win a rate below 3%, at 2.90%, in Occitania, Paca and Aura.
Higher rates in Brittany and in the Pays de la Loire
In contrast, Brittany and the Pays de la Loire display The highest rates in the countryat 3.45% each for loans over 20 years. And even the best files must be satisfied in these two regions of a rate greater than 3%, at 3.05% on average. Between these two extremes, Hauts-de-France, Ile-de-France, New Aquitaine and Center-Val-de-Loire offer an average rate of 3.40% over 20 years, while it drops to 3.35% in the Grand Est and Corsica.
If the mortgage rates differ from one region to another, it is first of all due to the “Local market tension”explains the Pretto broker. “Each bank assesses its risk according to the local real estate market. In a area characterized by high demand for housing And a low rental vacancy, it can offer lower rates (than the national average). Conversely, in a region where the real estate market is more unstable, it will increase the rates to protect itself ”decrypts the broker.
Real estate credit: these 3 profiles that can borrow at less than 3%
Several thousand euros in savings
Regional rate differences also due to banks’ trade policy local. “In some cities or departments, local banks compete more to attract customers, which can lower rates”observe Pretto. “The economic profile of borrowers” Also play, according to the broker, “Banking establishments taking into account the average income and the employment rate in the region”.
Gold, “You can contract your credit in another geographic area” that you buy, in order to benefit from “Best financing conditions”and, therefore, benefit from “”Several thousand euros in savings on the total cost of your loan ”says Pretto. For a couple earning a total of 4,500 euros per month, a rate at 3.42% in Auvergne-Rhône-Alpes represents a global saving of 2,713 euros, compared to a rate of 3.50% in another region, he illustrates.
Real estate credit: up to 0.6 rate difference for the same file according to banks
Have ties in the loan region
“Nothing prevents us from borrowing in another region”nods another broker. While nuancing immediately: “In fact, this strategy is complicated to implement because banks wish to develop a proximity with their customers. A Breton bank can agree to finance a Parisian who buys a secondary residence in Brittany, but rarely a Parisian who buys in the capital.»»
However, this scenario is not impossible, provided that benefit from ties in the region where we borrow, underlines another broker: “For example, if a young asset living in Rennes (Brittany) wishes to buy their first accommodation there, it is a safe bet that the Bank of Chartres (Center-Val-de-Loire) whose parents have been customers for 30 years, and where they have a substantial heritage, will not refuse to finance the acquisition of this property, however located in another region. A fortiori if the young buyer is also a client of the papa and mom’s bank! ”
