03 September 201509:18
Mortgage market sags 40%
UrBC, Moscow, September 3, 2015. Russian banks issued their borrowers 338,502 mortgage loans in rubles, with the overall amount at 555.3bn RUR, between January 1 and July 31, 2015. This is 40% less than a year earlier, Banki.ru refers to the Russian Central Bank as reporting. The average weighted interest rate has gone down from 14.04% on January 1 to 13.93% on July 1. Additionally, 67 mortgage loans in foreign currency, with the overall amount at 2.15bn RUR, were also issued in the given period. The average weighted interest rate on these mortgages was 10.08%. The overall mortgage debt came