Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Russians are massively refinancing a mortgage

Russians are massively refinancing a mortgage
Photo: pixabay.com

Russians are massively refinancing a mortgage. This was noted in the Ministry of Finance of the Russian Federation, according to which the average loan rate for housing in Russia fell to 8,7%.

As the RBC with reference to Deputy Finance Minister Alexei Moiseev, citizens who took loans at higher rates are now trying to reduce mortgage payments. Some banks offer 5% per annum, which is lower than most preferential state programs.

According to market experts, banks will continue to lower rates on housing loans, which corresponds to the target level of the national project “Housing and Urban Environment”. Earlier, Prime Minister Mikhail Mishustin called a mortgage in Russia is very expensive and called on the government to change this situation.