The government is concerned about the rise in mortgage rates

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Vladimir Josette: Ekaterina Shtukina / RIA Novosti

The Russian Ministry of construction and housing and communal services are concerned that a number of banks revising interest rates on loans to purchase housing in the direction of increasing. This was stated by the head of Department Vladimir Yakushev during the Eastern economic forum (WEF), reports RIA Novosti.

As the official said, the latest developments in macroeconomics, including the change rate of the ruble has affected the prospects for development of the mortgage. “What mortgage rate in some banks have grown, we are seriously concerned because this is one of our priority projects,” — said the Minister.
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The appreciation of the mortgage by the end of July 2018 fixed by the Central Bank. According to the regulator, in mid-summer the rate increased for the first time since January to 9.57 percent per annum. In June, the rate reached a minimum and made up 9.48 percent, in may it was equal to 9.56 percent in April — 9,57, in March of 9.64 in February of 9.75 in January at 9.85 percent.

On 5 September, the Deputy head of the Ministry Nikita Statesin warned that housing loans may rise due to financial instability and the prospects of increasing the key rate of the Central Bank. The next meeting of the Board of Directors of the Bank, which can be decided on the rate increase will be held on September 14.

Video, photo All from Russia.

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