This is awesome! I wish there was sth similar for Europe! In Germany you have to go to a morgage broker and trust that his self-interest is aligned with yours :D
I pay a below 1% fixed rate for a 20 years mortgage since 4 years ago here in Belgium
I went to a mortgage broker first who offered me worse tho not necessarily bad rates with other banks as an option. The 2 best options I found were not on his roster.
The mortgage broker did say he preferred not taking insurance discounts as those insurance cost could go up up to a maximum and couldn't then be renegotiated separately.
But so far it's been better for me and of course that broker would also have negotiated the separate insurance and gotten his cut.
The current rate in France is more or less 3.2% for 25 years. It's better than the rates we see on this page but as someone who bought at a rate of 1% (1.75% real rate, something like that) I strongly advise people not to have a 33% debt ratio.
This is the max allowed by banks but it's a huge risk compared to renting which is basically risk-free. Buying something less expensive to have a smaller debt ratio may be better than renting.
ps: comparing rates alone isn't fair because Europe has a lot more taxes
Thanks for the link but thats not really the same. They are just giving you indications and then you have to sign up. I would like to see more concrete numbers per bank. Maybe there are not many factors that influence the rate?
The dashboard in this hackernews story also provides indications. In both cases what you see is the "normal" rate. If you go to any of these credit unions and your credit score is too low for example, you will get a different rate.
