Mortgage rates in France dropped to a historic low

In France, the continued decline in mortgage interest rates, mortgage rates have fallen even below their previous record highs. According to the Agency Meilleurtaux.com from 5 may 2014, the last month 86 % of the banks lowered their rates on average by 0.13 %. At the same time was not was not a single case of a rise in mortgage rates.

Representatives of the news portal also shared his attitude to the situation: “As banks in the fight for new customers permanently reduce mortgage rates currently offered to borrowers record-low interest rates for a mortgage loan even more favorable than those proposed in mid-2013.

In fact, at the moment there are the following interest on mortgages: of 2.83 % on a mortgage for 15 years and 3.13 % on a mortgage loan for 20 years. But if loan repayment is expected within 25 years, interest rate of 3.56 %. The previous record, which was recorded in June of last year, amounted to 2.91, at 3.24 and 3.60 %, respectively.

Svetlana Kurenina, Tranio.Ru

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