May 2014 French Real Estate Mortgage rates are at a historical low and the specialists in the French mortgage industry are surprised that the rates offered by the banks to their clients continue to be extremely attractive.
French property buyers with the best applications can get a mortgage right now for as low as 2.80 percent for 20 years according to the French mortgage broker Empruntis as quoted in Explorimmo.
Catherine Lanvario, director of communication of Credit Logement says there are many reasons why the rates are low. One is the banks are able to refinance themselves at very low rates. The current rate of government bonds Les OATS (les OATS explained) have gone down from 2.13 percent last month to 1.97 percent this month. The banks continue to support the economy by passing on the savings.
With low interest rates it is a great time to speak to a French mortgage broker to refinance your current mortgage.
If you would like to hear your options from a English speaking French mortgage broker Contact us here.
Read the original article in French here
Below you can get your free introduction ebook about French real estate mistakes to avoid
Get your FREE copy today
Request below via the sign up form. Just scroll down, add your email and click Subscribe
This request also entitles you to our biweekly ezine and you can unsubscribe anytime.
Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.