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Russian banks continue to reduce mortgage rates

Some Russian banks are planning to lower mortgage rates, while a number of players had already improved the conditions for such lending and further decisions in this area will depend on the market situation, the survey of credit institutions conducted by RIA Novosti.

On Tuesday the savings Bank has lowered rates on mortgages by 0.5 percentage points. According to the Deputy Chairman of the management Board, Bank Vozrozhdenie Natalia Shabuninoj, the credit institution is considering the possibility of reducing in the near future interest rates on mortgage loans on both the primary and the secondary housing. Bank "Zenit" will soon reduce the rate "classic military" mortgage, said Deputy Chairman of the management Board of the Bank Dmitry Yurin.