If you got a home loan at less than 4%, will you be able to renegotiate it? It's not so sure. This is what the broker Meilleurtaux told the Figaro. «There will be fewer people who will be able to renegotiate because it will be more difficult than in the past. The fall in rates should slow down in the coming months and reach a low of 3% over 20 years and 3.2/3.25% over 25 years around January.», Anticipates Maël Bernier, spokesperson for Meilleurtaux. “I then expect a stabilization of rates but also prices, during the first half of 2025», she adds. Bad news for current owners because a rate renegotiation is profitable if the difference between the rate at which you borrowed and the market rate is one point. But also if you have repaid less than a third of your loan.
For future owners, the situation will be a little less encouraging at the start of 2025. “Banks are still ready to cut their margins to grant new loans but they will not be able to do so indefinitely», alerts Maël Bernier. The fault is the political and geopolitical context which is tensing investors and causing France's borrowing rate to soar beyond 3%. Which therefore forces banks to slow down the decline in their rates. A rise in rates is not to be feared, according to brokerage experts. For now.
No rise in rates
To avoid an even more tense situation, it is time, for those who can, to make their purchase plans a reality. Credit rates continue to fall but at a more moderate pace: between 0.05 and 0.15% depending on the brokers that Le Figaro questioned. “There is no point in waiting for bigger rate cutssays Julie Bachet, general manager of the broker Vousfinancer who notes a “stronger demand since summer“. Credit production increased by more than 39% between March and September according to the Banque de France (see below). “Borrowers are well aware that banks have relaxed their criteria and that rates will not fall back to 1% or 2% as they did a few years ago.»
Over 20 years, you can expect to get an average rate of 3.4% and between 3.5% and 3.6% over 25 years. For the best profiles, the 3% mark is already getting closer. “In one year, the borrowing capacity of a couple who earns 4,000 euros net per month has increased by 18,000 euros (from 213,000 to 231,000 euros), thanks to the fall in rates. And 35,000 euros (from 372,000 to 404,500 euros) for households earning 7,000 euros per month», underlines Maël Bernier.
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