Well before the recommendations of the High Financial Stability Council in December, the majority of organisms of credit have adjusted their offers for anticipate this possibility.
If we refer to the latest Crédit Logement barometer, the adjustment of the offers continued in January with lending institutions. In fact, the structure of their production has undergone some changes as follows. The borrowers the least endowed personal contribution are recording a decline, particularly the young and the less well-off. The same goes for the duration of the loans the longer.
A movement having neutralized the slow one ascent of the rate of loans, which allowed the average rate of the credits to stabilize. However, these developments ended in February due to the loss of solvency of demand in the face of activity strongly impacted through the implementation of recommendations of HCSF.
As over the same period in January 2020, the average rate of the loans remained at 1.13%. A tendency which has remained unchanged since the end of summer 2019 when the rate of real estate loan remains stable on average. However, most of loans granted since December have increase of a few basis points despite the developments of the thresholds of wear. However, this favors the maintenance of the rate at low level, i.e. pursuit of their drop.
The duration of the loans rose to 228 months in February 2020, therefore more stable than in January.
- For accession to new construction at 246 months
- For accession to the old at 244 months.
Throughout 2019, the durations of the bank loans did not demonstrate significant fluctuations, because they remained almost stable. In January 2020, we observed a slight decrease, i.e. 4 months less since December 2019, while durations have tendency has lie down at this time of year. A situation which goes hand in hand with the deformation of the structure of the production. With the hindsight of the customer base the least well off in personal contribution, the trend is part of the logic of adaptations of the expected offer, but also the implementation of the recommendations of the High Council.
In February, we could see the stabilization of the Average duration. A movement that accompanies that of rate of the loans granted. For the cases of only loans has accession to the property, a decrease of the part of the production over 25 years old is observed, at a rate of 1.0% in February. In fact, the structure of the production in deformation is beneficial to loans whose duration is between more than 20 years and 25 years. In this context, the lending organizations thus strive to preserve the solvency of the request.
