soon a less restrictive rate of wear

A higher wear rate should allow more French people to have access to a mortgage. Remember that the usury rate is the maximum legal rate that banks have the right to charge when they lend you money. This rate is calculated by the Banque de France, and validated by the Ministry of Finance. Its role is to set a limit that the bankers cannot exceed, to avoid putting the borrower in difficulty. It is a kind of safeguard to prevent the bank from issuing a loan that you will not be able to repay because it is too high, poorly calibrated in relation to your income. And this rate of wear is much debated at the moment: with inflation, it is considered too strict. Brokers are the first to complain: too restrictive a wear rate excludes many files and they lose customers. They expressed their dissatisfaction on Tuesday in front of the Banque de France.

The Banque de France is going to raise the usury rate on October 1st by 2.57% for a loan over 20 years, we should be closer to 3% but that is not only because of the mobilization of brokers. We are in a context where all rates are increasing, and the institution says it is adapting to the market. This should facilitate access to the loan but without reversing the trend because it is not only the rate of wear that can block a loan file. Banks sift through all your income, your situation, your savings, etc. Faced with a slowing economy, they are increasingly cautious.