Real estate credit: When the Governor of the Banque de France does not believe in loan refusals – BFM Immo

François Villeroy de Galhau, Governor of the Banque de France, was the guest of BFM Business. He denies the figures of 40 to 45% of the files refused because of too low wear rates. The rag is burning between François Villeroy de Galhau and the real estate brokers. On BFM Business, the Governor of the Banque de France once again affirmed that the usury rates were not currently blocking real estate files. “Real estate credit remains very dynamic, we are at more than 6% growth,” he says. And he adds: “The rates are gradually rising. In July, we were on average at 1.45%. This is a little more than when there were the lowest rates, around 1.1% or 1.2%. But it is much less than the historical average. Over the last 15 years, we were at 2.7%. The rates remain very favorable and the mortgage remains very well financed”. of the French Association of Intermediaries in Bancassurance, 45% of files with brokers no longer pass with the wear rate. “This figure is not very credible”, insists François Villeroy de Galhau. “I deny the figure of 40 or 45% refusal”. And the Governor of the Banque de France wants proof of this: “I note that no association of borrowers representing the French has asked for the increase in the rate of wear”. that the Banque de France monitors whether there is a crowding-out effect. He also recalls that there will obviously be a rise in the rate of wear at the end of September. To drive the point home, François Villeroy de Galhau wishes to emphasize that “the rate of wear is there to protect the borrower (…) should not relay the information of this or that corporation which wants to lend more to the French”. For home loans, the usury rate (in other words the maximum rate at which a bank can offer a loan, all costs included) is set at 2.57% for loans over 20 years or more. It should be noted that there are different usury rates (see on this page) which can go much further for other forms of loans (for example 21.11% for small cash loans to households or even 15.39 % for bank overdrafts).