Back to school in 2018, it’s Indian summer for borrowing rates. Our barometer of national real estate rates scrupulously displays the same data as in August. Analysis.
The best 20-year rate remains unchanged since May
Although several banking establishments have sent us new scales, they are mostly stable. Some are declining due to certain banks which reposition themselves in front of their competitors but do not affect our national barometer of average and minimum rates.
Thus, it is always possible to borrow between:
0.95% and 1.40% over 15 years;
1.12% and 1.60% over 20 years;
1.40% and 1.85% over 25 years.
Do not hesitate to consult our page dedicated to the credit rate barometer for the best rate according to your real estate project.
Back to school 2018 benefits future borrowers
For Delia Cortos, Director of studies and communications for Empruntis, “ Future borrowers have an incredible chance! Yes of course the rates are always low but not only. At this time of year, a good part of the banks have normally already achieved their target or are on track to reach it. But this is not the case today, it is even the opposite! “
Note that if you want to make your real estate purchase before the end of the year, this is the right time. ” In fact, it takes an average of 3 months for a funding application to succeed, ” explains Delia Cortos. Banks are now more attentive than ever to the plans of future buyers in order to achieve their expected production in 2018.
Thus, borrowers have the opportunity to negotiate mortgage rates offered by banks. For this, the help of a broker is essential. He will know how to intervene in favor of the borrower with the banking establishment, in order to discuss the best rate for his client. Besides, you can make a comparison for free on our site, thanks to our mortgage comparison tool to get the best financing offer adapted to your project.
Take advantage of our expertise at the best rate, it’s easy and free!