Lending rates fall again
Lending rates have been falling since the start of the year. This downward trend continued in May, albeit at a slightly slower pace. According to mortgage brokers, borrowers can currently secure a rate of between 3.64% and 3.90% over 20 years on average, or even less for the best profiles. Banks are anticipating the cut in key rates by the European Central Bank (ECB) in June. This will enable them to buy the money they lend to individuals at a lower cost. According to broker Cafpi, loan rates could reach 3.30% over 20 years by the end of the year.
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