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In an attempt to contain galloping inflation, the European Central Bank decided to raise its key rates to +0.5 points. This is a first for more than ten years. So with what consequence for consumers? Will the cost of credits soar?
Buying your main residence or investing in stone with a loan are becoming increasingly inaccessible dreams for some buyers. A Parisian broker notes it: compared to last year, the number of loan requests from his clients refused by the banks has jumped. “We brought out several files from last year. These are files (…) which have all been successful. Of all these files, today, we would have at least half of the files which would be refused”believes Paul Weiss, broker at Meilleurtaux.
Blame it on interest rates that keep climbing over the weeks. It is 1.64% on average in July for a credit of all durations combined, against 1.06% last December. Faced with the increasing number of refusals, the professional feels helpless. “We will soon be in this situation for two months. It is a dead end for us. We can only postpone customer projects, refuse support”, reports Paul Weiss. The French with the lowest incomes, those with the most precarious contracts or who borrow alone or without contribution are the first victims of this situation.
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