Assembly dissolution: what impact on real estate loan rates?

Like the Cac 40, 10-year government bond rates immediately reacted to the announcement by the head of state to dissolve the National Assembly. ” The 10-year OAT is up 20-30 basis points to 3.30% as we speakexplains Sandrine Allonier, spokesperson for Vousfinancer. The election results were not expected, unlike other recent important events affecting the market: France’s downgrade or the ECB’s rate cut. “. A new wave that is not trivial. This is not a reassuring sign for banksestimates Cécile Roquelaure, director of studies at Empruntis. They will be concerned about the rise in the cost of credit with the risk of this being reflected in home loan rates. These uncertainties come at a bad time as we have been in a period of renewed confidence and falling rates. »

However, it is still too early to expect any rise in mortgage rates. First, because banks are constantly acquiring new customers. “ Until July 7, possible alliances that need to take place will have an impact, but in the short term, banks are on track to cut rates to revive their business, with targets missed.shows Sandrine Allonier. Moreover, we have been observing a decorrelation between OAT and lending rates for some time », emphasizes the professional.

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