This isn’t an April fool joke ! Once again, French mortgage rates are falling down which is a very good news for March property buyers. One of our French Bank partners announces today the Euribor 3 months rate has decreased from 1.1% to 0.8%. Therefore, a logical decline of main short term interest rates has been decided. They will be available from Monday 26th March 2012.
Rates reductions concern mainly Capped and Variable rates because they follow short term rates such as the Euribor 3 months index, That is why they have been adjusted accordingly.
For instance, a significant opportunity is offered on a variable capital repayment mortgage over 20 years with an LTV of 85%. It now starts at 3.25% instead of 3.55%.
Also relevant for capped repayment mortgage over 20 years the rate reduced from 3.95% to 3.65% still with an 85% LTV.
These promotional rates are applicable until 5th April for mortgage files received by the French bank and 23rd April for offers issued.
If you would like to receive a free quote with no obligation then do not hesitate to fill our questionnaire: get a French mortgage quote.