According to loan experts, French mortgage rates are approaching historic lows at a time when currency exchange makes its more affordable for overseas buyers.
In the face of continued uncertainty about growth in the Eurozone, the main indices on which the majority of French fixed and variable rates are based now hover within a few basis points of their historic lows.
The last time the main fixed rate indicator index, called the TEC 10, reached this level was in September 2010 when it reached 2,60%. In April of that year, the three month euribor, on which the vast majority of variable rate mortgages in France are based, stood at 0,64% with the best available rates being a 20 year fixed rate at 3,50% or a variable mortgage at a little 2,6%.
In May this year, the Tec 10 now stands under its previous low at an historic 2,48% and the three month euribor is at 0,67% just a touch over its all-time low. The best buys are now a 20 year fixed rate at 4% and variable trackers from 2,8%, according to French Property Finance.
Source: http://www.propertywire.com/news/europe/france-property-mortgages-rates-201206056606.html