Last week, the Central Bank again lowered the refinancing rate – from 10.5 to 10% per annum, the second time this month and seventh year. “As part of the program and offered in the market operations, which directly depend on the rate of CB, is, of course, would reduce the cost of the resource, in particular, reduced rates on federal mortgage lending program of the population”, – said Igor Zhigunov, deputy chairman of City Mortgage Bank.

Agency for Housing Mortgage Lending (AHML) has already reduced interest rates. This last week at the Civil housing forum in St. Petersburg, said deputy general director AHML Andrew Semeniuk. Currently, rates on loans AHML reduced to 10,05-12,01%. “This unprecedented reduction in such rates was not even before the crisis,” – he said.

reduces interest rates on mortgages and banks. The process began in May, and in some banks to October rates fell by almost half. According to “MIEL-Brokerage, banks have ceased lending crisis in housing purchase, return to the mortgage – for example, RosEvroBank, Fora-Bank, Moscow Credit Bank (ICB) and other programs freeze on ruble loans, to increase loans issued in rubles . Many banks revive lending program for the purchase of apartments in new buildings, which are more risky, were suspended in the first place.

average of mortgage rates that are now offered by banks are in dollars, based floating rate: from 6,25% – for 15 years, from 6,5% – for 20 years, from 6.75% – for 25 years. However, banks are now paying more attention to borrower’s credit history. Previously, a good credit history has been just some of the advantage of the potential borrower, it may now become a decisive factor in making the bank the decision to grant (or not grant) a mortgage loan.

buyers also returned to the market . The latest research conducted by ROMIR “showed: 29% of Russians believe that now is the time to buy housing. In the spring, when a second wave of the survey (it is held once every three months), 46% were inclined to what a good time to buy apartments has not yet arrived.