Mortgage rates in Russia may rise up to 15%. Kommersant writes about this with reference to the director of the analytical group for financial organizations Fitch Anton Lopatin.

“Due to the fact that inflation is above the target of the Central Bank, and the regulator will continue to raise the rate, the value of 15% may become a reality,” the expert said.

Analysts agreed that the continued growth of rates in banks is largely associated with the actions of the Central Bank to increase the key rate. However, most market participants considered that the maximum possible mortgage rates this year could reach 13%, after which they will gradually stabilize at 11% by the end of 2022.

In addition, in the context of constant growth in prices, the Central Bank is unlikely to continue to tighten its monetary policy. Experts suggested that at the next meeting on February 11, the Bank of Russia may raise the key rate by another 100 bp. p., up to 9.5%.

According to forecasts, in 2022 there will be a decrease in the issuance of mortgage loans to 4.5 trillion rubles. against 5.7 trillion rubles. in 2021. For the most part, this will be due to an increase in the average loan check and an increase in rates, which seriously affect the monthly payment.

On February 8, it was reported that the average mortgage rate for new housing in Russia rose to 10.44%. Over the past week, from January 31 to February 6, the average mortgage rate for the purchase of housing in new buildings increased by 0.57 percentage points, thereby overcoming the psychological mark of 10%.

bbabo.Net