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Mortgage rates are planned to be reduced by the Russian government
The Russian government plans to reduce the average rate on mortgage credit products. The average rate is planned to be maintained at 6,9% per annum until 2030.
As they write "News", They want to include such plans in the national project" Housing and Urban Environment ". The interest rate is 6,9% lower than the same value set in the program earlier, by 1 percentage point.
The rate can be reduced through a comprehensive subsidy program. Now the Ministry of Finance, the Ministry of Construction and DOM.RF will calculate budget expenditures for the extension of preferential mortgage programs. To maintain such programs, subsidies should not exceed 3% of the cost of loans, and the key rate of the Central Bank - 4-5%.