In April, following the rebound of the 10-year government bond yield above 1%, all bank rate schedules received indicate an increase in credit rates, ranging from 0.10 point to 0.45 point.
Since the beginning of the year, all banks have now raised their rates by an average of 0.30 point, even though the usury rates, the ceiling rates above which they are not allowed to lend, have not changed, especially for terms of 20 years and more, leading to the exclusion of an increasing number of potential buyers. The debt-to-income ratio is also becoming a major obstacle, due to the inevitable increase in monthly payments stemming from this rise.
These rate increases in the schedules usually apply to all profiles, but in some banks, they affect more those with less favorable profiles, with the lowest incomes, who are now sometimes offered rates above 2% over 20 and 25 years…
Thus, the average rates offered in April rise to 1.25% over 15 years, 1.45% over 20 years, and 1.65% over 25 years. The rates for the best profiles are also rising while still remaining attractive: 0.90% over 15 years, 1% over 20 years, and 1.25% over 25 years.
