Les taux accordés sur les crédits immobiliers en octobre marquaient un léger moins bien sur le fixe, mais du mieux sur le variable. / © Envato
The Central Bank of Luxembourg (BCL) has unveiled the latest figures for mortgage loan rates in the Grand Duchy, showing a mixed trend for borrowers.
In October, the average variable rate for new mortgage loans dropped to 4.28%, marking a continued decline since its peak of 5% in December 2023.
Conversely, fixed-rate loans have edged upwards. For loans with terms exceeding ten years, the average rate rose to 3.53% in October, compared to 3.47% the previous month.
Rates for consumer credit have remained steady, averaging 4.82% for loans with a term of less than five years.
Amid these shifts, Prime Minister Luc Frieden shared positive news last Friday. Exceptional housing aid will be extended into 2025 to bolster the real estate market and provide support to residents.
