The percentage is not waiting

From the beginning, mortgage rates have raised Alfa Bank, Moscow Bank, City Mortgage Bank (GiB), World Bank, the First Czech-Russian Bank - an average of 0.25-1 percentage point. Last week they were joined by "VTB 24" and "Uralsib". The first increased the interest rates on loans with no down payment at 0.75-1 points. Now housing loans on the secondary market to give it a 12.5-13.5 per cent per annum in rubles and 10.5-12.5 per cent in dollar terms. "Uralsib" upped the ante on ready housing loans in rubles at 0.4-0.8 points to 12,3-12,9 per cent per annum, in dollars and euros - 1.3-1.5 points to 11.5 - 12.3 per cent per annum. What will happen to house prices? Most analysts believe that the sharp rise in property prices observed in January - a temporary phenomenon. "The expected growth this year, Moscow real estate prices are 10-20 percent, it seems, will be played mostly in the first months of the year. Beginning in May, may come stagnation and even correction. In 2009, also is expected to grow at 10-15 percent, "- expresses their opinion leader of the analytical center IRN Oleg Repchenko. But news agencies Rway CEO Alexander Krapina thinks differently: "By mid-2009 the price of the Moscow housing may be reduced by 30-40 percent, so I would recommend not to hurry with the purchase of housing." Banks have become wary of borrowers with a gray-income countries. Thus, in GiB rates for such borrowers increased within 1 point. In January, the index of mortgage broker "Fosborn Home" (reflecting the weighted average rate at which it was possible to get a mortgage through the broker) has grown in comparison with December by 0.06 § n, to 9.96 percent per annum in dollars and by 0.16 pp to 11.48 percent per annum in rubles. In November, it was 9.98, and 11.5 percent respectively. There will be more According to experts, lower mortgage rates may continue. "Over the next six months or a year, banks are likely to tighten mortgage terms," ​​- says the executive director of the "UniCredit Bank" Maxim Kondratenko. "We depend on funding in the western markets, if the borrowing will be hampered, then rates will be higher", - says head of sales GiB Dmitry Shapochkin. According to senior analyst with the agency "RusRating" Belozerova Victoria, it is likely to further increase rates at all banks - to a large extent of the refinancing and funding in one degree or another everyone has credit institutions. "Apart from raising rates will not appear and the Savings Bank" - sure Belozerova. Rates will rise, not only on the mortgage, but also on other loans, particularly for consumer, says CEO "Interfax-CEA" Michael Matovnikov. Such predictions can not wait to rush to provoke the loan processing. After all, even a slight increase mortgage rates are essential. "The growth rates even at 0.5 points significantly affect the amount of credit" - recalls Kondratenko. Family with an income of 100 000 rubles. per month at 10.5 percent per annum may be given credit for buying a home worth about 5 million rubles. and under 11protsentov annum - 160 000 rubles. is less. "I would recommend not to pull, and now apply for a loan approval. And just a few banks ", - says Shapochkin. According to the head of department on work with clients of the Independent Mortgage Bureau Christina Rzayeva, usually if the borrower signs the loan agreement during the term of the decision to grant a loan for him to act old rates, which operated in the bank at the time of credit approval. According to estimates of brokers, the entire process of obtaining a mortgage if real estate takes from two weeks to two months. The only argument against the urgent purchase of housing - the assumption of some experts about the real estate market is that the city square meters a year will be cheaper.