France Housing Seen Threatened Amid Pressure on Rates: Mortgages
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Just when French homebuilders said nothing could make a 15-year low in business worse, a new banking rule is threatening to do exactly that.
The moribund economy, with unemployment at a 16-year high, leaves developers with no other means than some of the lowest interest rates on record to spur demand. Now the Bank of France may push mortgage rates higher.