VTB from Tuesday, February 22, raises mortgage rates for finished and under construction housing by 1%, to 11.3%, while the conditions for state programs remain unchanged. This was reported by the press service of the bank.
“VTB, following other market players, has been raising mortgage rates by 1 percentage point since February 22, to 11.3% for both finished and under construction housing,” the statement says.
At the same time, the bank indicated that refinancing of housing loans from other banks is available at 11.6%. While the rate on mortgages with state support will be from 5.75%, and on the Far Eastern mortgage – 0.1%, on the “family” – from 4.7% (from 4.3% in the Far Eastern Federal District).
Earlier, Sberbank reported that since February 18, mortgage rates have been increased by one percentage point (p.p.), to 11.3% for all housing. However, the rates for state support programs remained within the previous values.
On February 11, the Central Bank raised the key rate for the eighth time in a row, to 9.5% per annum. The Bank of Russia stressed that inflation is “significantly higher” than the October forecast. The chairman of the Central Bank, Elvira Nabiullina, said that the regulator would raise the base rate until the Russians understand that deposit rates compensate them for inflation.
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