Banks are suffering losses against the backdrop of the current economic situation, in connection with this, interest rates on loans are rising. Experts interviewed by Gazeta.Ru predict a further increase in rates.
Thus, at the end of 2022, a number of large banks systematically raised rates on basic mortgages amid growing risks of loan defaults amid partial mobilization and a deterioration in the overall economic situation in the country and the world. The trend continued in the coming year.
Citizens are guided by the key rate of the Central Bank, but banks pay attention to the cost of federal loan bonds. And this figure has been growing for several weeks. As a result – a possible increase in rates.
– The reasons for the rise in the cost of market mortgage programs also include an increase in the exposure time, a decrease in liquidity in the secondary market and an increase in the yield of federal loan bonds, the report says.
In general, the key rate is not changing now, experts say, but there is a risk zone of “high inflation rates”, which for credit institutions actually means the need to increase the cost of loans, including mortgages.
However, while the increase applies only to basic programs, the cost of preferential mortgages remains at the same level. Therefore, according to the source, for those who want to improve their living conditions or simply invest in a fairly risk-free asset, now is the most appropriate time to buy an apartment.
Russia’s report predicting a new wave of rising mortgage rates appeared first on the Realty Times.
