Mortgage rates in Russia fell to a minimum since June

Ставка по ипотеке в России упала до минимума с июня

Mortgage rates in Russia fell to a minimum since June

The rate on loans for purchase of an apartment in Russia fell to 7.59 percent in November. This is the minimum figure since June 2021, RIA Novosti reports.

The average rate on mortgage in Russia decreased in November for the third consecutive month. Compared to October, it fell by 0.11 percent.

Meanwhile, the average term mortgages in Russia rose to a record 254.2 months - a little over 21 years.

It is worth noting that mortgage issuance has decreased. Number of mortgage loans issued per month< /a> decreased by 2.7 percent - up to 157.5 thousand. At the same time, the volume of mortgages increased by 1.9 percent to 510.1 billion rubles.

Portfolio of mortgage loans grew to a record 11.44 trillion rubles in November. In October it was 11.42 trillion.

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Mortgage rates in Russia fell to a minimum since June