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Refinancing: the loan holding rate is stable in 2016

According to the Household Credit Observatory (CMO), the loan holding rate is 46.6% in France . A stable figure which attests to the improvement in their morale vis-à-vis their financial situation. 62.5% think that their situation has improved in 2016.

“The purchase of a property or land is the first reason (for 16% of French people) behind a request for credit, just before the purchase of a durable good, such as a vehicle (13% ) ”, Reveals the Bank in France in a bimonthly bulletin.

Low rates boost demand for mortgage loans

Low rates boost demand for mortgage loans

Due to the exceptional mortgage loan conditions in 2016,   the holding rate for this type of loan was 30.7%. Or a slight increase compared to 2015 (30.2%), says the CMO. An increase mainly driven by access to property, which recorded “23.3% (against 22.6% in 2015), thus returning to one of the highest levels observed since the beginning of the 2000s. ”

Conversely, consumer loans are down: 25.5% in 2016 compared to 26% in 2015. In 2016, “89.8% of consumer loans are used to finance the implementation of equipment projects (car, motorcycle, household equipment, housing improvement work). “

Consolidate all its loans by carrying out a credit buy-back

Consolidate all its loans by carrying out a credit buy-back

Have you taken out several loans (mortgage, consumer loans, etc.) and wish to buy back a loan? Several reasons can push you, too much debt, too high monthly payments, an accident in life, etc. You can simulate your credit buyout online.

Did you know ?
The Bank in France has just launched a site to help individuals manage their finances . The site: Mes questions argent.fr. A lot of information is available to see more clearly in your financial management.

French remain cautious about investments

French remain cautious about investments

The French are cautious in terms of investments , according to the study ” Will you dig into your savings ?” “Lenders Bank. Although they are more profitable than the savings accounts that 69% of respondents favor, the French shun other investment products. Indeed, they consider stocks to be a dangerous investment (54%). ” A shared feeling for alternative investments such as crowdfunding: 40% consider it a risky investment, even very risky,” said the study.

In view of the level of borrowing rates , demand for mortgage loans is expected to increase in 2017. Subscription intentions are increasing ” to reach a high level of 5.4% in 2016, approaching pre-crisis levels 2008/2009 ”, concludes the CMO.