The lower the wages and incomes in the region, the higher the interest rates on mortgage loans. As noted in the materials on current trends in mortgage lending, published recently by the Central Bank, in the whole country there is a significant differentiation of average interest rates depending on the level of affluence of the population. As a result, if the loan in foreign currency in the Yamalo-Nenets Autonomous District, you can get a 6.5% annual interest, in the Novgorod region, where the earnings of the population is three times lower, the rate reached 12.2% per year. As conceived by the authorities, over time, the mortgage should be one of the basic mechanisms for solving the housing problem. At the state level to support the development of mortgage made in the first place in the framework of the federal targeted program "Housing" for 2002-2010. One of her routines involves the provision of lump-free and repayable grants to pay for a down payment for a mortgage home loan citizens who need better housing. " However, the actual number of people who can benefit from state support when taking a mortgage, is negligible. Despite the slight decrease in average interest rates on mortgage loans, they remain high enough to reach the ruble today 12-13% and in dollars - 10-11%, whereas the most common condition is the introduction of credit down payment of 20-30% of the cost of housing. The combination of these conditions with a low solvent level of the population and the rapid rise in price of housing makes mortgages available for no more than 5-10% of the population. At the same time across the country reveals another negative trend: the lower the standard of living and income in the region, the higher they rate on the mortgage. Thus, the Central Bank said a significant differentiation weighted average interest rates depending on the region in which the borrower was, - from 11.4% in the Yamalo-Nenets Autonomous Okrug (Yamal) to 13.8% in the Kostroma region on ruble loans and from 6.5 % in the same Yamal to 12.2% in the Novgorod region of credits in foreign currency. Moreover, according to Rosstat, average monthly nominal wage in April 2008 was in the Kostroma and Novgorod regions of 10.6 and 13.0 thousand rubles, while in the Yamalo-Nenets Autonomous District, the average worker received an average of 41 for this month thousand rubles. But the difference is observed even within a single region. In the more prosperous of the Khanty-Mansi and Yamalo-Nenets autonomous districts, where wages in April amounted to 34 and 41 thousand respectively, in the first quarter of 2008, the minimum average rates on loans in rubles equaled 11.7% and 11.4%, while in the south of the Tyumen region, where wages are traditionally lower - already 12.3%. "The level of interest rates and income - although it indirectly, but rather related things," - said an independent analyst of real estate market, Gennady Sternik. According to experts, the formation mechanism of this differentiation is the following character: a rich parts of the banks, as a rule, richer, and they are trying to make the level of interest rates lower to attract customers who are still willing to go to them for loans. And in the poorest regions, where the credit structure and themselves poorer, they expose the average rate on Standards Agency for Housing Mortgage Lending (AHML) or slightly above, to further reduce the level not of their income. "Where the whole credit is lower there and the revenue of the bank below, so that in regions such bankers more reluctant to reduce interest, so it does not reduce" - said Sternik. Naturally, in those regions where wages are high - higher and home prices, which affects the increase in loans. Therefore, according to an expert in analyzing the speed of the market is more informative account not only the volume of loans, but the number of mortgage deals. The level of interest rates depends on which banks are in the region and how they spend the mortgage policy, says company CEO Denis Kolokolnikov RRG. According to him, the most important aspect for the bank - a borrower's creditworthiness, which in the same Khanty-Mansiysk, for example, above, as well as the nature of the housing. He also notes that during the formation of the level of rates policy plays an important role of regional authorities, which can provide its residents a preferential loan program to offset some of the costs to banks. The latter circumstance is especially important because of the liquidity crisis, some banks have ceased to lend at all, while others make it more balanced, while demand for loans, as noted Kolokolnikov not be reduced.
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