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French Mortgages

Fixed Rate Mortgage Rates in France Fall

Fixed rate mortgage rates in France are falling, getting closer and closer to their lowest level recorded at the end of 2010.

With the interbank 10 year OAT borrowing rate at its lowest level as of June 1st, banks are able to borrow at a lower rate and many banks are passing their savings on to borrowers.

However, not all mortgages are benefiting from the lower rates, banks prefer to reserve the lower rates for mortgages less than 20 years in duration; the shorter the duration the more competitive the rate.

A decrease in interest rates can mean greater purchasing power for borrowers.

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