French Mortgages Costing More Rates Rising

2013 According to the latest report from the French real estate credit market interest rates for French mortgages are still low but they are rising.

This week, the major credit lenders announced that while the increase is gradual the rates are rose in September 2013 between 0.05 to 0.1 percent.

Read the full original article in French here.

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French Property Mortgage Rates on the Rise

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.

Below you can get your free introduction ebook about French real estate mistakes to avoid

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Request below via the sign up form. Just scroll down, add your email and click Subscribe

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Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.