Home loan: An idea pushed by banks to accelerate rate hikes

Le taux d'usure définit le taux maximum auquel une banque est autorisée à accorder un prêt.

Posted on October 9, 2022, 12:09 p.mUpdated October 9, 2022, 5:59 p.m

Demolition rate operation continues. In an attempt to achieve a faster increase in this maximum rate at which the bank is authorized to issue loans, credit organizations, according to our information, are promoting a new idea: no longer basing the calculation of this ceiling, which is updated every three months, on signed loans but on loan offers , which make banks for households.

Mechanically, this would increase the maximum rate faster – and therefore mortgage rates in general. The idea, discussed in a special working group with the Bank of France and the Banking Federation, is gaining ground. Banks have indeed been raising their bids to the central bank since September, multiple sources said.

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