Race with interest

VTB 24 "increased the rates on housing loans by 0.7 percentage points, except that - non-earmarked loans secured by existing housing, the stakes for them are not changed. Asked the bar, German Gref, the head of Sberbank Savings Bank keeps its word. After meeting with President Vladimir Putin, in early March, Gref said Sberbank in the near future is not going to change mortgage rates. "We will take a final decision on the adjustment of interest rates, but do not assume any increase in the same position. We will carefully consider this issue and decided that on loans to individuals will not improve until "- he confirmed on March 19. Plan to increase rates and other big banks. Head of Unit "Mortgages" Alfa Bank Ilya Zebari said that the bank intends to soon raise interest rates on mortgage loans in rubles and foreign currencies, the growth will be within 0.5 pp thought about this and the Bank of Moscow: "We not yet made a final decision on how much rates will be raised. We focus on the market, as market conditions allow rates to rise, "- says Managing Director of the block" retail business "bank Alla Tsytovich. She's right, admit bankers, lenders are now dictate terms, not borrowers. "The demand for mortgages is, and long-term resources from the banks is not enough - in this situation, interest rates on loans will continue to grow," - says deputy president of the Russian Mortgage Bank Alex Uspensky. According to him, over the past six months, on average, they rose by about 2 p. n for all currencies and if breaches of the Financing of the Western markets will not happen before the end of the year the rise will be a minimum of 1 point. "Raising rates is just beginning to fly, they can still grow" - warns Tsytovich. "OTP Bank" this week raised the stakes in the 0.25-0.5 points. With the end of March they raised RosEvroBank (for all programs - for 1 pp in the currency and by 2 pp in rubles), Orgresbank, City Mortgage Bank (for some programs by more than 2 points). Market participants recognized that the stronger growth of their biggest players hold - Savings and HMLA. They do not change rates. The head of Sberbank, German Gref, a month ago, has promised not to raise interest rates (see incision). In the management of public relations Savings do not know whether his position has changed. March 24 Sberbank lowered mortgage rates in dollars and euros to 0.5 points. His example was followed by "Credit Europe Bank", lowering rates by 0.4-0.5 points for dollar loans to purchase new construction and finished apartments (up to 9,5-13% per annum). The minimum bid now - 8.9% per annum in dollars and valid only for purchases finished housing (for up to six years with the first payment of 20% of income and proof of Certificate 2-PIT). Experts advise to hurry up with the loan. The number of failures, even good borrowers increasingly difficult to find a bank that will approve a loan, says head of credit services loan broker "Money Broker" Irina Hudak. The market is such that the stake is not the main factor in bank selection, adds board member of City Mortgage Bank, Mikhail Bulgakov: "The most important opportunity to receive credit for the required amount in a short time." A number of banks in the contract provides for the possibility of raising interest rates on loans already issued without the consent of the lender, mortgage broker like director general of "Home Mortgage" Natalia Semenova. Another option - to wait for special offers from time to time will appear. In general, rates will continue to grow, says the head of mortgage lending, "Credit Europe Bank" Sergei Ogorodnikov, but have found funding banks will use the situation to attract customers and reduced rates, as did the "Credit Europe."