They could shake up your borrowing capacity in November, and here's why

More drops! Good news for those who have a real estate project in mind: November real estate rates remain favorable to borrowers, with slight but very present decreases. And to go beyond, banks even offer discounts, sometimes significant. Zoom on the real estate rates of the month.

Borrowing rates noted on 08/11/2024

Gently sloping rates

Fall in rates: the trend is confirmed, after the significant reductions in September and the lighter reductions in October. November is a continuation of this: -5 basis points over all loan periods with regard to average real estate rates, i.e. those offered to the majority of borrowers.

As for mini rates, also called best rates and intended for premium profiles, we also note significant reductions, from 20 to 29 basis points! Concretely, the average rate for a 25-year mortgage loan was 3.65% in Novemberand the best rate over this period is 3.15%.

As for other loan durations, here are the different values ​​and their variation compared to October in basis points.

What impact on borrowing capacity?

When rates rise, and for the same value of property, the borrowing capacity (the amount that a bank agrees to lend to a buyer) is reduced: quite simply, because money “costs” more. In the opposite case, it increases. This is why, if a borrower calculated their borrowing capacity a few months ago, before the rate cut, November real estate rates could reshuffle the cards in its favor, with equal value of good. Regularly evaluating this amount that can be borrowed is therefore important from a real estate project perspective!

The trend of the month: seduction operation

Banking establishments are already thinking about meeting the objectives they have set for their 2025 financial year. And to do this, borrowers must be attracted.

This is why the strategies implemented by banks in recent months remain relevant:

• discounts : far from being negligible, they can reach 60 basis points compared to the price scales displayed!
• zero-rate envelopes : banks specifically target first-time buyers with this type of system.

This favorable context should be joined by other good news: the government should indeed announce measures supporting real estate acquisition. In particular, the extension of the zero-rate loan to the entire territory and its return for the construction of individual houses. The thinning continues!