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5h ago

French Mortgage Rates Tick Higher as Political Uncertainty Lifts Funding Costs

Higher sovereign yields lifted banks’ funding costs, prompting increases in mortgage offers since September 4.

Les courtiers en crédit immobilier se font l'écho depuis la rentrée de remontées de taux décidés par les établissements bancaires avec lesquels ils travaillent
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Overview

  • Mortgage brokers report widespread rate revisions of up to 0.25 percentage point, reversing the prior easing trend.
  • One Paris couple saw a 20‑year offer move from 3.00% to 3.15%, a change that adds roughly €2,000 per €100,000 borrowed over the life of the loan.
  • The average home-loan rate hovered just below 3.10% this summer, and Crédit Logement’s chief expects about 3.25%–3.30% by year-end, with some 25‑year terms trending toward 3.5%.
  • Banks are tightening criteria, with brokers saying lenders now require higher-quality files and show less tolerance for marginal applications.
  • July recorded €13.1 billion in new home loans, the highest in about two and a half years, yet Moody’s warns rising rates and weak confidence could curb lending growth in coming quarters.