with the rise in the key rates of the European Central Bank, that of credit rates will continue

The European Central Bank (ECB) has announced an increase in its key rates in the coming months. Journalist David Boéri, present on the set of 19/20, Friday June 10, explains that the ECB “no longer has a choice in the face of soaring inflation. For the first time in more than ten years, it is forced to raise its key rates, that is to say the rate at which it lends money to the banks, which will therefore in turn have to raise the mortgage rates of their new customers. This will be done gradually, from July 1st.

However, mortgage rates have already increased. David Boéri explains that it is because “The banks anticipated this movement. The average rate of a 20-year loan rose from 1.1% in January to 1.6% in June, and it’s not over. The rise will even accelerate according to the Banque de France. It could reach between 2% and 3% by the end of the year.” The journalist nevertheless recalls that in 2015, the average fixed rate for a loan over 20 years was 2.45%.