Mortgages rose significantly

The Central Bank reported that the average mortgage rate for loans in rubles, which gave out the country's banks to individuals reached the mark of 10.42%. This value of this parameter was highest in the last 19 months. A higher figure was recorded in August of 2017, then he was on the level of 10.58%.

Recall that the historic low rates were recorded in September-October last year - of 9.41%. Further, mortgage rates in the short term rose more than 1%.

Experts of the Central Bank noted that high interest rates on housing loans has not deterred borrowers. So, for the first quarter of this year, banks provided loans for the purchase of housing in the amount of 618 billion roubles, which is 6% higher than the similar indicator for the same period in 2018.

However, the message of the regulator it is noted that the total number of loans decreased by 5% to 284 thousand pieces.

Total banking portfolio of mortgage loans reached the level of 6.73 trillion rubles.

Earlier it was reported that under the national project “Housing and the urban environment” average mortgage rate this year should be at 8.9%.

Source https://www.bkn.ru