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Mortgage rates on new homes fall below 9 percent

According to Dom.RF, the average offer rate for mortgage on buying an apartment in a new building from the 15 largest banks in Russia is 8.96 percent.

It is also reported that 12 of the 15 largest mortgage lenders have reduced rates by mortgage products during November of this year.

Such dynamics is associated with a decrease in the level of actual and expected inflation, the cost of funding and the key rate of the Bank of Russia . The yield on five-year OFZs dropped to 6.2 percent at the end of November, hitting their all-time lows. The key rate of the Bank of Russia decreased by 1, 25 percentage points by June of this year and is 6.5 percent.

10 of the 15 largest mortgage banks have basic offer rates at purchase of an apartment in a new building for a wide range of borrowers is less than 9 percent. For buying an apartment in the secondary market, the offer rates are 9.09 percent, and for refinancing programs in the secondary housing market - 9.07 percent . These are the minimum values ​​in the entire history of observations. for a wide range of borrowers are less than 9 percent. For buying an apartment in the secondary market, the offer rates are 9.09 percent, and for refinancing programs in the secondary housing market - 9.07 percent . These are the minimum values ​​in the entire history of observations. for a wide range of borrowers are less than 9 percent. For buying an apartment in the secondary market, the offer rates are 9.09 percent, and for refinancing programs in the secondary housing market - 9.07 percent . These are the minimum values ​​in the entire history of observations.
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