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Post: The Central Bank of the Russian Federation sees a tendency to abandon low-rate mortgages


Percentage - RIA Novosti, 1920, 20.01.2023

The Central Bank of the Russian Federation sees a trend towards the gradual rejection of the market from mortgage discounted rates

MOSCOW, January 20 – RIA Novosti. According to an analytical interpretation of the Bank of Russia, the Central Bank of the Russian Federation sees a tendency for the market to gradually abandon mortgages at discounted rates, allowing for an increase in “primary” rates.

“In December, there was a gradual refusal of both developers and banks to offer mortgages at discounted rates, and this may contribute to some increase in primary market lending rates in the short term,” the document said.

At the same time, according to the Central Bank, with the decision to extend the preferential mortgage period for new buildings in mid-December, with the increase in such mortgage rates and the expansion of family mortgage parameters, we can: We expect stability or some decrease.

However, the regulator states that some of the solvency demand may be redistributed in favor of the extended family mortgage program, thereby sustaining high lending activity in the mortgage segment.

Source: Ria

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