Credits will soon cost less: you have to wait until then to take advantage of them

“Credit will soon be cheaper: you have to wait until then to take advantage of it”

Several players in finance and real estate say that it will be more interesting to borrow in a few months.

"Dear customer, you have depositedé a loan request from our agency. After examining your file, it is not possible for us to respond favorably." Thousands of French people have received this type of mail in recent months. Since the start of 2024, one in five real estate loan applications has been refused by banks. A rate that is still high, but lower than in 2023 where it was 34%! This change in situation is mainly due to &agrav; a reduction in interest rates, allowing more households to request a cash advance to finance the purchase of a home.

A positive signal to unlock a market real estate à stop. But there is no point in rushing to your bank advisor. It is still better to wait a few months before requesting it because other good news will arrive, depending on the circumstances. say several professionals in the sector. So be patient, this could benefit you by the end of the year. Indeed, the downward dynamic will continue.

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According to Cafpi, one of the main brokers in real estate loans, but also the Observatoire Crédit Logement, interest rates are increasing. ts will continue to decline over the weeks to arrive, on average, à 3.25% or 3.30%. For these players in the sector, these forecasts should be achieved within a short time. the horizon of December 2024. Waiting six months could therefore allow borrowers to obtain more liquidity than currently. And not just a little.

According to Cafpi's calculations for Le Monde, next December, "a monthly paymenté of 1,000 euros will allow you to borrow 176,000 euros from 3.30% excluding insurance, compared to only 162,000 euros in November 2023 4.30%." An increase of 14,000 euros which necessarily offers additional square meters for buyers. At least, in theory.

Because the fall in interest rates has a downside that is not negligible. "If the capacityé The purchasing process of loan candidates is improving, effectively relaunching transactions (gently but surely) and bringing in buyers again , there is strong &agrav; bet that the prices of goods will recover à stagnate or even &agrav; climb in certain cities", we anticipate at the broker Pretto. Wait to pay less interest the bank, yes. But not sure that the amount of the transaction will decrease.