Real Estate Rate: Rate Your Credit?

The average mortgage rates remained stable for the month of February 2019, while the rates for the best profiles show an increase of 0.05% over certain durations. Rate variations are very low and no significant movement is expected at the moment.

Mortgage rates for individuals (in%) according to the Housing Credit Observatory / CSA

The rates remain very low, and a credit redemption can be very interesting if your current lending rate is high. Indeed, depending on the remaining capital and the duration of the loan, renegotiating your current property rate may allow you to reduce the duration of the loan or monthly payments of your home loan.

The best real estate rate in February 2019 by duration

The best real estate rate in February 2019 by duration

What is the loan rate for 15, 20 and 25 years? At the moment we are seeing a slight increase of 0.05 % on the best mortgage rates for terms between 7 and 20 years. The best rates remain stable for 25-year loans and stand at 1.20%. The best rate is a rate for a premium profile that is low risk for banks.

Schedule of the best real estate rates of February 2019

term of the loan Best fixed rate Monthly * Trend
7 years / 84 months 0.55% $ 121.38 Increase ↑
10 years / 120 months 0.70% $ 86.31 Increase ↑
15 years / 180 months 0.95% $ 59.63 Increase ↑
20 years / 240 months 1.10% $ 46.44 Increase ↑
25 years / 300 months 1.20% $ 38.60 Drop ↓

discounted rates on the 13/02/2019
* Monthly payment excluding insurance for € 10,000 borrowed capital
Range of rates given for information only. Non-real-time discounted rates (compared to the previous month) and may vary by region and revenue.

 

Average Real Estate Rate in February 2019 by Lending Duration

house loan

The same is true for average borrowing rates in February 2019: average rates remain stable. No increase or decrease in significant rates expected for the month of February 2019. The average rate corresponds to the rate that you can claim for the majority of borrower profiles.

Grid of Average Property Rates for February 2019

term of the loan Average fixed rate Monthly * Trend
7 years / 84 months 0.90% $ 122.88 Stable =
10 years / 120 months 1.00% € 87.60 Stable =
15 years / 180 months 1.20% $ 60.73 Stable =
20 years / 240 months 1.40% $ 47.80 Stable =
25 years / 300 months 1.65% $ 40.70 Stable =
  • Monthly payment excluding insurance for € 10,000 borrowed capital

 

Evolution of mortgage rates 10, 15, 20 and 25 years

Follow the evolution of mortgage rates for 10, 15, 20 and 25 years from January 2015 until today thanks to our interactive chart, select the date and duration you want to see the best rate:

For a borrower wishing a loan of 200 000 over 20 years, presenting an excellent record and benefiting from the best rate.

 

Calculation of the monthly payment

mortgage rates 10, 15, 20 and 25 years

It is advisable to calculate the number of slice of 10 000 €: 200 000 € / 10 000 = 20

The monthly payment is then calculated (refer to the monthly payment column in the tables): 20 (calculated slice) * 46.66 € = 933.2

 

Calculation of the total cost of the loan

In order to determine the total cost of the credit, multiply the monthly payment calculated by the number of months and remove the capital borrowed:

€ 933.2 * 240 = € 223,968

We get the total cost of the credit : 223 968 € – 200 000 € = 23 968 €

In conclusion for our example, on a loan of € 200,000 for a period of 20 years at a rate of 1.15%, the monthly payment is € 933.2 and the total cost of credit represents € 23 968 .

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