What is the wear rate, which complicates access to mortgages?


Maud Descamps, edited by Romain Rouillard
modified to

11:30 a.m., June 27, 2022

Some French people do not manage to take out a mortgage even though they meet all the required conditions. To understand the reason, you have to look at the “wear rate”, an indicator that changes less quickly than real estate rates, which tend to skyrocket.

Being refused a home loan when you tick all the boxes. A very annoying situation that concerns more and more French people lately. This is explained, on the one hand, by the soaring real estate rates and, on the other hand, by the slower evolution of the usury rate, that is to say the maximum rate at which banks can lend. . Consequently, the banks are seeing their margins shrink and have therefore decided to tighten the screws.

More and more files are rejected, notes Maëlle Bernier, of Meilleurtaux.com. “This rate of wear is calculated in relation to a reference period preceding three months. Today, we have rates for example at 1.70 and the rate of wear has been calculated as if we still had rates to 1.10. And that’s why a lot of French people today have loans that are refused. It’s only because it exceeds even if only by 0.02%, it’s very very weak.”

“A reflection is underway”, indicates Bercy

Yann and his wife recently paid the price, when they fulfilled all the conditions. “We had a contribution and all the lights were green and unfortunately we did not want to give us credit at all. In fact, we exceed the debt ratio”, they explain at the microphone of Europe 1.

Banks and brokers are therefore asking the Banque de France to review its usury rate as quickly as possible so that it follows the evolution of real estate rates as closely as possible. A reflection is underway, indicates Bercy to Europe 1. According to our information, the Ministry of the Economy should present a solution next week.


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