According to Meilleurtaux.com at the beginning of August 2013 70 percent of French banks have decided to increase their interest rates on mortgages, the amount on average is an increase of 0.1 percentage points, not a lot, but it increases the cost of buying a French property and it goes against the trend of stable low interest rates.
However, French lending rates are still at historically low levels making the opportunity to invest at this time with the use of a low interest long term loan still very interesting.
Samples of current interest rates, according to Meilleurtaux.com are 2.98% for 15 years, 3.29 % for 20 years and 3.64 % for 25 years.
We recommend you speak to a French banker or mortgage broker to get current information.
If you would like to speak to an English speaking French banker or mortgage broker we can put you in contact with one . Just contact us today with your request.
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