Favorable mortgage rates during the first 2019 quarter
With very low interest rates in 2018, many people thought that it would be the ideal moment to invest in real estate. Against all expectations, the context remains almost as favorable in 2019 with minimal increases in interest rates for most mortgage durations. In January, we saw increases of less than 0.05% for loans over 10, 12, 15, 20 and 25 years. Moreover, a decrease of 0.02 points on 7-year mortgage loans has been noted at the start of 2019, which resulted in a rate of 0.86% instead of 0.88%.
The rates obtained by the best borrower profiles have also stabilised. This represents a particularly interesting situation for people wishing to purchase a property or real estate through a mortgage loan. In January, most borrowers were purchasing their principal residences (82%), followed by rental investments (17%) and finally purchases of secondary housing (1%).