Mishustin announced a possible reduction in mortgage rates

The head of the cabinet of Russia, Mikhail Mishustin, said that there is potential for a further reduction in mortgage rates and the possibility of expanding the issuance of mortgages on favorable terms. About it writes TASS.
Mortgage boom has begun in Moscow

Rambler wrote that earlier, as part of measures to support the construction industry, the President of Russia proposed to ensure that Russians receive preferential mortgage loans at 6.5% per annum. The preferential rate will apply to loans issued before November 1, 2020.

“In May, according to the Bank of Russia, the average rate fell to 7.4%, there is potential for further reduction, this is facilitated by the launch of the program of preferential mortgages at 6.5%,” the Prime Minister explained.

According to him, the government has already prepared amendments to the rules for issuing preferential mortgage loans.

The maximum amount of such a loan for residents of Moscow, St. Petersburg, Moscow and Leningrad regions was increased from 8 to 12 million rubles, Mishustin specified.

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. (Source: rambler)