Real estate loan rates are falling once again at the start of March. For a 20-year loan, it is now possible to borrow below 4%.
More good news for borrowers at the start of March. After almost 2 years of continuous increase, real estate loan rates have been falling since the start of 2024.
Thus, it is today possible, according to Meilleurtaux, to borrow 3.76% over 15 years, 3.89% over 20 years and 4% over 25 years. The best profiles can hope to lower the rating further. According to the broker Cafpi, the proposed Cafpi prices for this month reach 3.30% over 10 years, 3.55% over 15 years, 3.75% over 20 years and 3.95% over 25 years. It is therefore entirely possible to reach 3.50% during the year, and even to return to around 3% by the end of it.
Average rates in banks at the beginning of March
- On 15 years: 3.90% according to Empruntis, 3.76% according to Meilleurtaux, 3.91% for Cafpi, 3.77% at Le Partenaire.
- On 20 years: 4.05% according to Empruntis, 3.89% according to Meilleurtaux, 3.99% for Cafpi, 3.89% at Le Partenaire.
- On 25 years: 4.20% according to Empruntis, 4% according to Meilleurtaux, 4.17% for Cafpi, 4.02% at Le Partenaire.
Average rates observed by brokerage networks, based on scales provided by banks. They do not take into account the cost of borrower insurance.
Last drop before the dreary plain?
SO, Is it the right time to launch your real estate project? After a drop of 40 points in January and a drop of 10 points in February, the change since December is significant. It is quite exceptional to see such significant drops in such a short time! Now that we have reached this first milestone, rates should undoubtedly stabilize in a few days and for some timeexplains Mal Bernier, communications director at Meilleurtaux.
There would therefore be no point in waiting any longer. Especially since if rates continue to fall, borrowers will always be able to renegotiate their credit at a later stage.
Buyers see real estate purchasing power starting to rise again
The real estate loan market has clearly relaxed at the start of the year and it is now possible to find financing rates that make certain real estate projects feasible againassures Pierre Chapon, president of Pretto.
Finally, according to the broker Cafpi, buyers are seeing real estate purchasing power start to rise again. Combined with a still low supply, they find themselves in a strong position against sellers, with increasing negotiation margins. A favorable context for carrying out your real estate project.