Gentstvo for Housing Mortgage Lending (AHML) predicts that by year-end rates on housing loans will drop to 12%. Bankers agree with these conclusions, noting that some financial institutions have great products at such rates. But perhaps it will be the average for all banks, rather, we are talking about individual loans for the most reliable borrowers. The flagship of the domestic mortgage market - The Agency for Housing Mortgage Lending - promises that by year-end rates on ruble mortgage loans may be reduced to 12-13% with 13,1-13,3%, recorded at the end of the first half of this year. "When you save the external economic conditions by year-end rate will drop to the level of 12-13% for loans in rubles and 10-10,4% for loans in foreign currency", - stated in the materials AHML. Experts note that projections HMLA usually true, as the Agency may make a difference in the market. However, hardly marked level is considered "average temperature for the hospital." The materials HMLA says that rates will fall from 13,1-13,3%, the level of rates of the first half of this year. However, these lower rates could be observed only by product of the AHML. On average, the rates on mortgage loans in rubles remain at 13-15%, in foreign currency - 10-11%. "HMLA at the beginning of the year, and now offers loans at an interest rate below 12%. We are also major players in rates below 12%, but there are values depending on the rate of loan product (purchase / mortgage), size of down payment, loan term, the method confirmation of income, etc. And thus the rate of 12% and below is available is extremely limited number of borrowers with a high "white" salary, with big savings, which needs a small amount of short term "- said the head of the provision and maintenance Bank loans Flexinvest Mikhail Kovalev. At the same time, the expert adds: "If the tendency of a struggle for the client policy - rate cuts, it is likely that the average rate on mortgage loans to purchase real estate will fall to 12%." Despite the fact that the way to the mortgage at a rate of 12% for most borrowers not a short, experts do not exclude this possibility. First connect the banks of the top 10. Savings Bank now offers mortgage ruble at a rate of 12.5%, Alfa-Bank - 13, VTB 24 - by 13.6%. "Even today, under certain conditions banks are willing to make such bets. For example, if the borrower has a high initial deposit (50%), loan term of less than 10 years, confirmed by a stable salary, etc., then he can get a loan in a number of banks by 12-13% in rubles ", - said the director of the credit department SDM-Bank, Sergei Kozlov. It is not excluded that the giants will follow the example of financial institutions less. Reasons for optimism HMLA is, believe bankers. "The cost of resources from the banks is reduced competition in the mortgage market is growing. Banks are fighting for quality borrowers and try to offer them the best conditions for a financially sustainable portfolio", - says Sergey Kozlov. "Maybe HMLA planning a high demand for their products to new buildings with a floating rate. And if their predictions come true for these products (and bet on them may be 10.25%), they can affect the average rate in a whole ", - adds Mikhail Kovalev. Especially the trend this year - the steady decline in interest rates on mortgage products. "This year, mortgage rates steadily decreased. With this rate reduction can be seen as a major player, and at smaller banks. In the beginning, the rate of 15-18% was the norm, now 13% is not the best, and encourages clients to seek more favorable credit conditions, "- like Mikhail Kovalev. Another reason for optimism existence of a stable demand. So if the end of the year, favorable market conditions continue, the outlook HMLA could become a reality not only for a select few, but for most borrowers. "The conditions may be lower in the first place, a stable economic situation, which will allow the banks to conclude that reducing the risks of mortgage lending (ie, borrowers will not lose a job or receive less income), increased competition between banks (as a consequence of the first condition ) and state support, including through AHML. So that, in view of the latter factor HMLA itself has a large influence on the degree of fulfillment of their own forecasts ", - says Mikhail Kovalev. But do not forget that banks are in no hurry to soften the terms of the mortgage, so to get the lowest rate, the borrower must pay for all kinds of insurance. "These rates are valid in the case of registration of an insurance policy on risks: loss of life and disability borrower (surety - if applicable) and loss (death) or damage to the apartment, the termination or limitation of ownership of an apartment (in the first three years after purchasing an apartment in credit). In case of registration of an insurance policy only on the risk of loss (death) or damage to the apartment rates are increased by 3% per annum from the above. The interest rate depends on the form of income verification, "- said in the comments on mortgage loans Site of VTB 24. Such clauses are typical for other financial institutions, they implicitly increase the cost of credit by an average of 3%, which means that before the effective rate of 12% as long as the moon. Thus, if the add on the cost of insurance and kinds of the bank, the real interest rate, even under the most favorable scenario for a long time will be on the unattractive level for many borrowers.
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