Dom.rf Raises Interest Rate on Mortgage

UrBC, Moscow, September 28, 2018. The state-run company Dom.rf raised the interest rate it sets for mortgages, the company website indicates.

The interest rate on a mortgage involving an existing home now comes to 10%-10.25% a year rather than the earlier 9%-9.25%.

The interest rates on mortgages relating to new homes come to 9.25%-9.5% a year, depending on how large the down payment is. Urban Group’s apartments will be available for a 9.75% to 11% interest rate on a mortgage.

Now the Bank of Russia determined in the course of a meeting on September 14 that the key rate would go up from 7.25% to 7.5%.

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