French mortgage rates in 2010

Predicting interest rates and French mortgage rates is a game that can win you millions if you work in the city but at the cold hard face of decisions about which French mortgage to take out, looking at trends may save you some money.

The pound strengthened today on the back of the Mervyn King's speech last night in Edinburgh to €1.11 indicating that a rise in UK interest rates is not as a far away as was previously thought. 'I do not know for how long interest rates will remain so low but at some point they will return to more normal levels' King said 'And it would be wise to take this into account in your financial planning.'Indeed, interest rate futures in the States are pointing to a rise in U.S interest rates within a few months and generally what happens in the U.S first, soon comes to the UK and to then to Europe making the outlook for French mortgage rates higher in 2010.

So although the UK and EU each have different issues to contend with, huge budget deficit on the one hand and a currency that was not designed to replace the dollar become the world's haven of strength on the other, it is not hard to see that if the American begins to recover and heat upagain it will not be long before the UK and EU catch the fever. If you are considering investing in a French property soon, take a look at the current French mortgage rates because rates for French mortgage in 2010 may be very different.

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