The Russians have called the fair size of the mortgage rate

by time news

More than half (55%) of Russians believe that the fair size of the mortgage rate in the country should be from 1 to 5%, follows from the results of a survey (available to Vedomosti) conducted by Otkritie Bank among 1,000 people aged 18-65 years in cities with a population of over 100,000.

Every fifth (21%) expressed the opinion that mortgage rates should not exceed 1%, 7% considered a fair rate of 5-7%, and 2% supported the rate of 7-9%.

Thus, most people do not consider the current rate to be fair in Russia. According to the Central Bank, as of May 1, the weighted average mortgage rate in the country was 7.3%. At the same time, Dom.RF experts calculated that as of June 4, the average rate for the purchase of new buildings among the top 15 mortgage banks in Russia was 8.12%, and for real estate in the secondary market – 8.35%.

The average rate for the preferential program “State Support 2020” meets the request of a larger number of citizens. So far, the indicator here is 5.6%. However, from July 1, the government decided to increase the maximum allowable rate from the current 6.5% to 7%. This happened against the background of the increase in the key rate of the Central Bank, which now stands at 5% per annum. Analysts expect that at the meeting on June 11, the regulator’s board of directors will increase it again.

The opinion that mortgage rates will not change by the end of the year was expressed by 8% of respondents. Only 1% are sure that rates will drop altogether.

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