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Average mortgage rate rose for the first time since June

Average mortgage rate rose for the first time since June
Photo: pixabay.com

For the first time since June, the average mortgage rate in Russia increased in September. It reached the level of 7,32% per annum.

As the RIA News", in June, the weighted average rate on mortgage loans was at around 7,51% per annum. Then the rate decreased for two months. Mortgage debt as of October 1 amounted to 8,59 trillion rubles, which is 3,2% higher than in the previous month.

According to the analyst of the NKR rating agency Yegor Lopatin, the increase in the rate could be influenced by the increase in the number of mortgage transactions in the secondary market. In September, it rose to 48%, which could be due to a more significant rise in prices for new buildings.

Earlier it was reported that rise in prices for new buildings due to a preferential mortgage at 6,5%. In some regions, square meters have grown by more than a third over the year.

In March banks in Russia started to raise mortgage rates... Then the increase was 1,5%.

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