"We've reached a floor": interest rates won't fall any further, but when should you buy?

Interest rates have been stabilizing at around 3% since this summer but are unlikely to fall further, as Sandrine Allonier, spokesperson for Vousfinancer, stated on RMC this Wednesday.

"We can think that we have reached a floor: rates will probably not go below 3%," she explains.

The reason? "The public deficit, the French debt that weighs on the rates at which the State borrows, this directly impacts credit rates," explains Sandrine Allonier. But also the fall in inflation and the fact that the ECB has announced that it will stop lowering its rates. "Banks anticipate that they will have to borrow more expensively in the coming months," continues the guest on Apolline Matin .

While rates won't drop any further, it's hard to know if they'll skyrocket for now, she says. "3% remains an attractive rate. A year and a half ago, we were at over 4%," she points out. "With limited increases, it has no impact on borrowers. Everything is done on a case-by-case basis, if you have a good record: a permanent contract, a 10% down payment, even better if you have two salaries, well-maintained bank accounts (be careful with summer expenses)," reminds Sandrine Allonier.

Rates can still be negotiated slightly below 3%, says the Vousfinancer spokesperson: "On average, we are at 3% over 15 years, but also 2.80% over 20 years, and over 25 years, we can hope for 2.90%."

"This is one of the rare times when rates don't fall, but it can actually trigger purchasing decisions, because people are thinking, 'It's now or never.' The start of the school year looks like a good window of opportunity," concludes Sandrine Allonier.