Russian mortgage record fell

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www.vsyako.netPhoto: Nina zotina / RIA Novosti

Mortgage rates in Russia have fallen to record levels and continue to decrease. The average rate on loans for purchase of apartments in new buildings in April was 6.94 percentage based on mortgage program with state support. This is stated in the message of the company “House.of the Russian Federation”, arrived in edition “Tapes.ru”.

Monitoring data “House.of the Russian Federation” suggests that in the market segment of housing loans record fell. As of 9 June, the weighted average rate of the top 15 mortgage bankers for market products for new buildings amounted to 8.48% per annum (minus 0.04% by the end of may), the finished housing — 8.72 percent (minus 0.03%), to refinance — 8.57 percent (minus 0.04%). This is the lowest value in 2018, analysts stress.

“Actual rates in the segment of new buildings to date below market, because there are several mortgage programs with state that allows to take a loan on favorable terms, — the “House.of the Russian Federation”. — Collectively, in may they accounted for more than 50 percent of the total volume of mortgages for new housing”.

In total, the company estimates, in 2020 Russia will be issued more than one million mortgage loans totaling more than 2.5 trillion rubles.

Earlier on June 11 it became known that the Russian government plans to consider expanding the program of preferential mortgage at 6.5 percent per annum. This was stated by first Deputy Prime Minister Andrei Belousov.

Video, photo All from Russia.

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