Real estate credit rate updated in January 2013

Real estate credit rate updated in January 2013

Current loan rate January 2013

The average rate of mortgages has fallen by 0.72% since March 2012. In December 2012, this rate fell to 3.23%. This is a new historical decline!

Credit rate January 2013: new historical rate cut!

Credit rate January 2013: new historical rate cut!

This rate cut concerns both new and old investments. As a result of the banks’ aggressive commercial strategy, this unprecedented rate cut allows them to limit the fall in activity on the real estate market. It should be known that the total credits granted in 2012 fall by 33.1% compared to the previous year.

For this month of January 2013, mortgage rates are very attractive: 3.20% over 15 years and 3.65% over 20 years. In addition, it is now possible to win good records of 0.10% to 0.30% by playing the competition between banks. According to “Meilleurtaux”, a borrower in Strasbourg has obtained a borrowing rate of 2.75% over 20 years!

January 2013 real estate borrowing rate

January 2013 real estate borrowing rate

Real estate borrowing rates should remain at a very low level until the spring of 2013. Banks with favorable financing conditions, they are looking for new customers by highlighting their home loans.

If you are currently repaying a home loan, now is the time for you to renegotiate its rate in order to lighten your monthly payments and / or reduce its duration.

 

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