Reducing the mortgage rate Sberbank refinancing. Sberbank suspended refinancing of its mortgage loans

The spouse of the Title Co-borrower is a co-borrower in without fail regardless of his/her solvency and age***.

* The loan repayment period fully falls on the working or retirement age of the borrower / each of the solvent co-borrowers.

** This requirement does not apply to clients receiving salaries to an account with Sberbank.

*** Except in cases where there is a valid marriage contract.

To consider a loan application, you need:

• Passport of the borrower/co-borrower with a registration mark;
• A document confirming registration at the place of stay (if there is a temporary registration);
• Documents confirming the financial condition and employment of the borrower/co-borrower/guarantor
• 
  - loan agreement number
  
  
  - amount and currency of the loan
  - interest rate
  - monthly payment
  

  This information must be confirmed by submitting any of the following documents to the bank: a loan agreement, a payment schedule, a notice of the full cost of the loan, a document confirming the change in the details of the Primary Lender.

• For each refinanced loan, information must be provided:
  - loan agreement number
  - date of conclusion of the loan agreement
  - validity period of the loan agreement and/or loan repayment period
  - amount and currency of the loan
  - interest rate
  - monthly payment
  - payment details of the Primary Lender (including account details for repayment of the Refinanced Loan)

  To confirm the specified information, it is necessary to provide the bank with any other document: a loan agreement, a payment schedule, a notice of the full cost of the loan, a certificate / statement on the balance of the debt confirming the change in the details of the primary creditor.

The Bank reserves the right, during the consideration of the loan application, to additionally request from the client information about the refinanced loan:

• on the balance of the loan debt on the Refinanced Loan with accrued interest
• on the presence/absence of current arrears and arrears during the last 12 months

Such information must be confirmed by a document from the creditor bank for the refinanced loan (certificate, extract or other document). The information must be current as of the date of submission to Sberbank.

About details for repayment of refinanced loans:

Payment details, which will be used to send the amount to repay the loan in another bank, must be provided when submitting to the bank primary package of documents. If these details will change during the period between the submission of the application and the issuance of a loan by the Bank, the loan will not be issued and the loan application will need to be submitted again with new details.

If refinanced the loan was transferred/sold to another bank(another organization: e.g. in AHML), then when applying it is necessary to provide the Bank with a document confirming the change in the details for repaying the refinanced loan.

Documents that can be provided after the approval of the loan application:

• Documents on the provided collateral (may be provided within 90 calendar days from the date of the Bank's decision to issue a loan)

If you partially repaid a refinanced housing loan using maternity (family) capital or maternal capital was used when buying real estate pledged to the Bank, you need to obtain consent from the guardianship and guardianship authorities to pledge real estate (based on paragraph 3 of article 6 of Federal Law-102 “On Mortgage (Pledge of Real Estate)”.

The loan is provided to citizens of the Russian Federation in the branches of Sberbank of Russia:

• at the place of registration of the borrower and co-borrower;
• at the place of accreditation of the company-employer of the borrower/co-borrower;

Loan application processing time

No more than 8 business days.

The procedure for granting a loan

At the same time.

Loan repayment procedure

Monthly annuity (equal) payments.

Partial or full early repayment of the loan

It is carried out on an application containing the date early repayment, amount and account from which the transfer will be made Money. The date of early repayment indicated in the application must fall exclusively on a working day.
The minimum amount of early repayment of the loan is unlimited.
There is no fee for early redemption.

Penalty for late loan repayment

Penalty* for late repayment of the loan corresponds to the key rate of the Bank of Russia, effective on the date of conclusion of the Agreement, from the amount of overdue payment for the period of delay from the date following the date of the obligation fulfillment, established by the Agreement, to the date of repayment of the Overdue Debt under the Agreement (inclusive).

*Under loan agreements concluded from 24.07.2016 to

Take advantage of real estate insurance programs (within the framework of a mortgage), as well as the life and health of the borrower at IC Sberbank Insurance LLC and IC Sberbank Life Insurance LLC - 100% subsidiaries of Sberbank PJSC:

• Simple, convenient and fast design. For example, when renewing an insurance contract, you do not need to transfer a copy of it to Sberbank yourself, the documents are sent automatically
• The possibility of resolving the issue online: from signing an insurance contract to settling losses in an insured event
• The terms and conditions of the insurance programs comply with the Requirements for the Terms and Conditions for the Provision of Insurance Services under Sberbank Loan Products 1
• Insurance tariff / cost of insurance when prolonging the insurance contract for the second and subsequent years is 10% lower
• In the event of an insured event, you can contact any branch of Sberbank, regardless of where the contract was drawn up
• You can issue a policy in a few minutes on the DomClick website, on the website of insurance companies - LLC IC Sberbank Insurance and LLC IC Sberbank Life Insurance, or at any branch of Sberbank.

Life and health insurance under the Protected Borrower program 2

What is included in the program?

Insurance is carried out in case of:

• Death of the Insured Person
• Establishing a disability or group for the Insured Person

What are you getting?

• Reduction of the Sberbank mortgage rate to the established level under the "protected loan" condition;
• The insurance tariff is determined individually depending on the gender and age of the client.

website.

Mortgage insurance 3

What is included in the program?

Insurance of pledged property (with the exception of land plot) from the risks of death, damage.

Additional benefits:

• 1 month of validity of the insurance contract additionally when issued at Sberbank branches

FROM detailed conditions insurance can be found on the website.

1 Mandatory requirements of the Bank to insurance companies and conditions for the provision of property insurance services

2 The insurance service is provided by IC Sberbank Life Insurance LLC. License for insurance of SZh No. 3692 (type of activity - voluntary insurance life) issued by the Bank of Russia indefinitely. PSRN 1037700051146, www.sberbank-insurance.ru Address: Moscow, st. Shabolovka, 31G. Office hours: Monday - Friday from 08.00 to 20.00 Moscow time

3 Real estate (mortgage) insurance. The insurance service is provided by IC Sberbank Insurance LLC. License of the Bank of Russia to carry out voluntary property insurance SI No. 4331, issued on 08/05/2015 for an indefinite period. PSRN 1147746683479, www.sberbankins.ru Address: 115093, Moscow, st. Pavlovskaya, house 7, tel. 8 800 555 555 7, Working hours Monday-Friday from 9:00 to 19:00 Moscow time.

Welcome! We began to be asked very often the question: how to lower the mortgage rate at Sberbank? Today we will analyze everything in detail possible options this process. We will tell you step by step how to reduce the interest on a mortgage at Sberbank with comments from our project experts.

Sberbank is the only state banking structure in Russia. At the same time, Sberbank is considered the most reliable creditor in the entire banking sector of the Russian Federation, this is due to the maximum degree of coverage (an extensive network of branches) and participation in government programs for vulnerable segments of the population.

Sberbank has always been a locomotive in the mortgage business. It occupies more than 50% of the mortgage market in Russia. The rest of the competing banks are closely monitoring his actions and trying to respond.

On June 9, 2018, Sberbank carried out the third reduction in mortgage interest this year. Other banks followed suit. you can find out from this table. But already in October 2018, she grew up.

Contrary to the promises of government officials, the reduction of mortgage rates is not enshrined in law. Banks independently regulate this process. As a result, since 2015, there has been a decrease in the rate from 1.5 to 5%. The reduction is insignificant, but if you calculate the overpayment for the entire period of lending, then the amount is quite impressive. Since the beginning of 2018, according to AHML, a decrease interest rate ranged from 1.2 to 1.5%, and in 2019 it is planned to increase by 0.5-1%.

In the light of recent events, mortgage borrowers who have previously issued it at 13-15% are asking a legitimate question: can Sberbank reduce the mortgage interest? Let us try further without illusions to reveal this question.

Reasons for the rate cut

Current borrowers are frustrated because they have taken out more expensive loans, with contracts already signed and changing conditions only in exceptional cases. A team of qualified lawyers is working on the loan agreements of the bank, the document will be valid after it is signed by both parties.

Important! In the loan agreement, cases of changes in conditions are indicated. The bank does not have the right to raise the current rate if it is not specified in the contract (for example, linking the rate to Mosprime, etc.). The bank may lower the rate, but this is its right, not its obligation.

The borrower is eligible to apply for a possible mortgage interest rate reduction , but the final decision will already be with the bank. By the way, they are obliged to accept an application for revision, the refusal in this case is illegal.

Allocate possible reasons to reduce rates:

• the client became a member of one of the state social programs that provides benefits.
• Mortgage rates dropped significantly in the market.
• possible re-crediting associated with the deterioration of the financial condition of the borrower or other circumstances not provided for by the contract.

It is not necessary to place special hopes, lowering rates, this is a significant reduction in the bank's profits. Therefore, especially good reasons are needed to reduce interest rates.

At the moment, Sberbank is cutting rates on existing loans to a maximum of 10.9%.

Reduction Options

If it so happened that citizens took out a mortgage in a savings bank according to standard conditions (for that period), then you can look for an alternative to lowering interest. It is immediately worth noting that only those borrowers who did not allow delays in payments have such a chance. Naturally, if the client has a penalty, then its write-off is not a reduction in the loan rate.

Ways to reduce the interest on a mortgage in Sberbank:

• restructuring;
• rate reduction upon application;
• by reviewing the terms of the contract in connection with the decision of the court.

The presented options on how to lower the rate are absolutely legal. However, no one will give a 100% guarantee that it will work and the mortgage will become cheaper. In each case, everything is individual.

Rate reduction on request

Most best option. It allows you to reduce the rate on the current mortgage of Sberbank without unnecessary consequences for the credit history and further refinancing of the mortgage or participation in special government programs such as, for example,. The terms of which are a restriction on lowering the mortgage rate for those borrowers who have had a restructuring.

To what rate can be reduced:

• Up to 10.9% - if the current mortgage was issued with insurance and you also conclude a new contract with the financial protection of the health and life of the borrower;
• 11.9% - if the original contract provided for life insurance, but in the new one, after lowering the rate, you refused it;
• Up to 11.9% - if earlier in your contract there was no clause on life insurance of the borrower;
• 11.9-12.9% - if a non-purpose mortgage was issued secured by real estate (12.9 in case of refusal of insurance).

The rate can be reduced repeatedly, but usually the bank sets a limit per year between acts of interest reduction.

At the same time, in order to obtain approval for interest reduction, Sberbank establishes certain requirements:

• Mortgages must be paid on time without delay;
• The loan was issued at least a year ago;
• There was no restructuring;
• The balance of the debt is not less than half a million.

An application can be submitted in two ways:

1. Through the branch of Sberbank
2. Via the Internet on the DomClick website at this link.

The term for consideration of an application for a rate cut in Sberbank is thirty days.

A more profitable option for lowering the rate is to contact another bank and conclude an agreement. Some bankers today offer to draw up an agreement on favorable terms (from 10.9% per annum) and even allow, in addition to this, to take an additional loan. Such operations are aimed at attracting customers. However, it should be understood that such a mortgage will be with an encumbrance, the property itself acts as a pledge. In addition, refinancing involves the collection of a complete package of documents. However, sometimes Sberbank employees, learning about the possible loss of a client, make concessions to him and still revise the current conditions under their contract.

Restructuring

A more problematic step is debt restructuring. Such measures include renegotiation of the treaty, as well as this information will be displayed in the BCI, which may have a negative impact further.

Earlier, we examined in detail how it happens and what options for this operation are possible.

Restructuring is possible:

• change the mortgage currency to rubles;
• make an extension of the term - increases general term, the rate is not reduced, the monthly payment is reduced, the overpayment increases;
• make a deferment for a certain period (6,12,24 months) - for the period of deferment, the minimum payments are paid, the overpayment increases.

At the same time, the borrower must have good reasons for these actions, namely:

• Dismissal, reduction or significant reduction in salary;
• Conscription to the army for military service;
• Decree;
• Health problems that limit the ability to continue working.

The restructuring procedure is as follows:

1. A package of documents is provided to the bank;
2. The bank makes a decision;
3. New documents are being signed.

At the same time, you can apply for mortgage restructuring at Sberbank both online and at a bank branch.

Separately, it is worth considering the restructuring of mortgages with the help of the state. For borrowers of Sberbank and a number of other banks, there is an opportunity to write off mortgage debt up to 1.5 million rubles. Having taken a mortgage before April 2015, it becomes available to you, which we talked about in detail earlier.

Court

In order for the contract to be revised by a court decision, there are only two grounds, these are: an illegal increase in rates and the introduction of hidden fees. In this case, the terms of the contract must be violated, from a legal point of view. In such nuances, a lawyer is best versed.

It should be noted that Sberbank is a respectable large enterprise that does not make sense to spoil its reputation with minor legal flaws. Therefore, in an agreement with Sberbank, it is rarely possible to dig into anything, and there have never been any jumps in rates under existing agreements.

Important! In any litigation, the borrower still undertakes to repay the monthly payments according to the schedule. Otherwise, not only a fine will be charged to him, but his credit history will also deteriorate. And overpaid funds will be credited as early repayment of the debt. If the loan is already closed (repaid), then the excess is also returned to the borrower to his account.

We hope now it has become clear to you how you can reduce the interest on a mortgage at Sberbank. This is a rather difficult question. To date, the bank does not provide for any program to reduce rates for already concluded agreements. However, the client has a chance to independently regulate the amount of overpayment by early repayment or restructuring. As a last resort, you can use the refinancing program at another bank that offers lower rates.

If you need the support of an experienced mortgage lawyer in a dispute with a bank, we recommend that you sign up for free consultation to our specialist in a special form in the corner of the screen.

We are waiting for your questions and comments under the article. We will be grateful for your experience, likes and reposts.

Many borrowers are thinking about how to reduce the interest on the loan. High interest rates can become a problem when the financial situation changes: illness or job loss will lead to default. But even if income is stable, but the market offers of lenders are more attractive, it is foolish to refuse to save on interest. We will tell you how to refinance at a lower interest rate at Sberbank, to whom this opportunity is available and how much it costs.

What are the conditions for a loan?

Each bank forms a credit policy based on a number of parameters. The main benchmarks are the rate of the Central Bank of the Russian Federation and the market situation. The solvency of a bank is also important: the richer the structure, the more opportunities it has to lower tariffs to attract customers, etc. But banks include possible risks in tariffs, thereby increasing the cost of borrowed money for households and businesses. Therefore, even in large structures from the TOP-5, you should not count on a loan at a low interest rate equal to the Central Bank rate.

Sberbank evaluates the ratings of borrowers and, based on the results, forms lending conditions. Thus, the final rate on the loan will depend on external factors, the profitability of the bank itself and the stability of the financial position of the borrower.

Most Better conditions banks will offer a regular customer with a good credit rating, using the services and products of the bank (deposits, payroll and other cards), who has property and funds for the initial payment. A guarantee, collateral and an insurance policy will help to reduce the loan rate. If you have an insufficient credit score you can try it.

Under the influence of the economic situation, banks change the conditions for issuing loans. It may turn out that the rates of loans of previous years are no longer profitable, as the market offers more low interest. In this case, you can reissue the loan. How to refinance at Sberbank and properly conduct the refinancing procedure, read on.

Refinancing

Refinancing is a procedure for replacing existing conditions for one or more obligations with a new loan. Owners consumer loans in different banks today they can be refinanced at Sberbank at an attractive percentage: The bank announced such a promotion in July 2017. For clients, this is an opportunity to receive a reduction in interest or regular payments. In addition, by combining all loans into one, you can significantly reduce the time to service the debt.

If the loans were secured, and it is likely to take an unsecured loan from Sberbank, then the release of property is another reason for refinancing.

You can combine several obligations into one contract. Including car loans, consumer loans and credit card debt. The maximum amount will be up to 3 million rubles. The contract is drawn up for a period of 3 to 60 months. As part of the current promotion, Sberbank offers a tariff of 12.9%.

As for the refinancing of mortgage loans, the bank considers each application individually. Refinancing mortgages for large sums and long periods occurs when the security is reissued: real estate is pledged to Sberbank. If the balance of mortgage debt is not large, and the rate is higher than the current offer, then it makes sense to consider obtaining a consumer loan to close the debt.

There is also an option in other banks at a lower percentage and under more favorable conditions.

Restructuring

Do not confuse refinancing and restructuring: the latter option involves changing the terms of the current contract. Usually, the owners of "problem" loans, with delinquencies on principal and interest, are interested in restructuring. Two problems can be solved here: how to reduce the interest and get a new payment schedule that corresponds to the real possibilities of the borrower.

But the execution of an agreement to the contract is possible only if information is provided that convinces the bank of the need for restructuring. You should not count on reducing the total overpayment due to a decrease in interest on a new loan: the goal will be to receive a deferment on payments or increase the term of the contract. Therefore, the benefits of restructuring are not in savings on interest, but in a "respite" for the family budget.

How to improve the conditions of existing loans in Sberbank

For Sberbank borrowers

If you have a loan at Sberbank and plans to change its conditions, you should contact the branch where the contract was drawn up. The actions of the borrower are as follows:

• Submission of an application and consultation with a loan officer. This will determine the further procedure and the list of documents. For example, if the client has, then you will not need to confirm income;
• Collection and submission of documents (passport, copy of the employment contract, income statement, etc. at the request of the bank);
• Waiting for the decision of the credit committee (from two to five days);
• Signing a new contract, receiving a payment schedule.

Thus, the task of how to reduce the interest rate on a loan at Sberbank can be solved within a week. Of course, this is only possible for borrowers with good rating without delinquency on existing loans.

For borrowers of other financial institutions

The announced interest on a loan at Sberbank attracts customers from other structures. But in order to carry out the refinancing procedure and solve the problem of how to reduce the interest, they will need a little more effort: not all banks are sympathetic to the departure of their clients.

What you need to do in the first step:

• Obtain certificates from creditors about the balance of the debt. It is possible that the lender will offer more loyal terms in order to maintain relationships with customers. Here the choice is up to the borrower;
• Prepare documents for applying to the bank: income statement, employment contract, passport, etc.;
• Fill out an application and submit documents to a loan officer of Sberbank.

The bank may require additional information. If the ratio of the amount of payments and income of the borrower does not satisfy the requirements of the lender, options will be offered to reduce the size of the loan or provide additional guarantees for repayment of the debt. After these issues are resolved, the second stage of refinancing will begin.

The client will need:

• Familiarize yourself with the new contract and payment schedule;
• Sign an agreement;
• Waiting for settlements with creditors. Usually, Sberbank directly transfers money to financial institutions under a tripartite agreement. It takes three to five days after signing the contract;
• Get certificates from former creditors about the absence of debt on the account.

The answer to a common question: is it possible to reduce the rate on existing loans, largely depends on the borrower, his credit history and the desire to get a reasonable benefit. Sberbank provides an opportunity to refinance consumer loans, and whether it is worth using it is up to the borrower himself.

Sberbank has suspended the refinancing of mortgage loans of its own customers, follows from a message on the bank's website.

"Sberbank does not consider applications from its mortgage borrowers to reduce interest rates on existing mortgages," the message says without giving reasons.

The bank's chat support confirmed to Interfax that the bank is not currently refinancing the loans of its clients.

"It is possible to refinance only loans from third-party banks," the specialist noted.

At the same time, an Interfax correspondent was told at the bank's call center that it is possible to refinance your loan at Sberbank, the rate until the encumbrance is removed is 11.5%.

"The rate cut was considered on an individual basis in accordance with the program to reduce interest rates on mortgage loans. The program has been completed, if we decide to launch a new one, we will announce it later," Sberbank's press service told Interfax.

Later, the press service clarified that only a product for clients of other banks is called refinancing in the bank, and for its own clients there was a rate reduction program, which was suspended.

Refinancing is used by banks and borrowers to reduce payments on a loan that was previously issued at a higher rate.

According to the rating compiled by Dom.rf and Frank RG, in the first half of 2018, 15 largest Russian banks increased their mortgage lending by 73% compared to the same period last year, to 1.3 trillion rubles. The share of the five largest banks - Sberbank, VTB, Gazprombank, Rosselkhozbank and Raiffeisenbank - accounted for 80.4% of issued mortgages. Sberbank increased its share by 0.5 p.p. compared to the first half of 2017.

At the same time, it was noted that Gazprombank, Rosselkhozbank and Raiffeisenbank account for over 40% of the total mortgage issuance for refinancing, while for Sberbank and VTB, the share of refinancing is 6% and 12%, respectively.

"The share of refinancing in the total volume of issued mortgage loans is gradually decreasing. If on average for the first quarter the share of refinancing was 15.3% of the total volume of issuance, then in May-June the corresponding share fell below 13%," the rating says.

In early September, Deputy Minister of Construction Nikita Stasishin noted that in 2017, Sberbank and VTB accounted for about 80% of issued mortgages (1.1 million loans for 2 trillion rubles). Sergei Stepashin, chairman of the Supervisory Board of the Housing and Public Utilities Fund, and Vladimir Yakushev, head of the Ministry of Construction, called it "significant overheating."

Mortgage rate increase in 2019

Interest rates on mortgage loans crept up already in the first days of 2019.

Mortgage rates at VTB

From January 1, 2019, VTB raised mortgage rates by 0.6 percentage points. Loan for the purchase of real estate standard programs is now available at a rate of 10.1% per annum with comprehensive insurance.

Refinancing of loans from third-party banks at VTB is now available at a rate of 10.1% for participants in the People of Action program (employees in the field of education, healthcare, law enforcement, tax authorities, etc.), for payroll clients of the VTB Group - 10.2%, for other categories of clients - 10.5%.

In addition, for loans with an initial payment of less than 20%, VTB introduced a 0.5 percentage point premium on the rate (except for loans issued using maternity capital and under the Military Mortgage program).

And when the country came out of the long New Year weekend, Sberbank announced the growth of mortgage rates.

Mortgage rates at Sberbank

Since January 14, 2019, Sberbank has increased rates on mortgage programs by 1 percentage point, and also introduced a surcharge on the rate of 0.2 percentage points with an initial payment of less than 20%.

Now it has become available to get a loan for the purchase of housing under construction in the bank at 10.8-11% per annum (8.5-9.5% per annum under the program of subsidizing mortgages by developers), for the purchase of finished housing - at 11-11.2% per annum, suburban real estate - at 11.4% per annum, and for the construction of a residential building, the purchase of a garage or parking space - at 11.9% per annum.

It is now possible to refinance an existing mortgage loan issued in a third-party bank at 10.9% per annum, and if, in addition to a mortgage, a loan for consumer purposes was issued, at 11.4% per annum, the financial portal Banki.ru reported.

Read on what conditions you can now take a mortgage at Sberbank for new buildings >> and for secondary housing >>

Following Sberbank and VTB, many other banks have begun to increase rates. But why mortgage loans began to rise in price?

Why are mortgage rates going up in early 2019?

The reason for the rise in the cost of mortgage loans was not the desire of banks to make money on homeless Russians (although, of course, this motive also has a place to be, otherwise they would issue mortgages without interest).

This is due to changes in the economic situation in the country. In early 2019, inflation is forecast to rise in Russia. The Central Bank began to fight the rise in prices in advance in the usual way for it: it raised the key rate. This led to an increase in interest rates on loans, in particular on mortgages.

However, this is how Sberbank itself explains the increase in mortgage rates.

“Change in interest rates is a consequence of adaptation to current market conditions after an increase in the key rate of the Central Bank, changes in the risk coefficient, inflation, as well as general macroeconomic changes. The economy of the mortgage product is formed in such a way that loan rates are adjusted after changes in deposit rates, ”the Banki.ru portal quotes the commentary of the Sberbank press service.

Forecast of changes in mortgage rates for 2019

Will mortgage rates rise throughout 2019 or will the rise stop? Will there be a mortgage rate cut in 2019? The answers to these questions concern all residents of Russia who plan to take out a mortgage loan.

Correspondents of the site collected comments from experts on this topic from various sources.

Mortgage rate forecast at Sberbank

Interest rates on all types of loans, including mortgages, will begin to decline by the end of 2019. This was told to reporters on the sidelines of the World Economic Forum in Davos by the head of Sberbank German Gref.

According to his forecast, inflation should stabilize in the second half of the year, and mortgage rates and other loans will go down by the end of the year. However, he pointed out that it is still “hard to guess” how macroeconomic conditions will develop.

There will be no more growth, no decline is expected

“In the first half of the year there will be a slight increase in rates to 1%, and after the situation stabilizes, the effect of a one-time increase in tariffs will exhaust itself, after which there will be a period of stabilization,” said Anatoly Aksakov, chairman of the State Duma committee on financial markets.

“Further on, the situation will stabilize, and the one-time effect from the increase in tariffs for the services of natural monopolies, the increase in value added tax will exhaust itself. I think that after that there will be a period of stabilization. At the same time, I very much doubt that the Central Bank will reduce the key rate during the year. I expect that he will not increase, but at the same time, he is unlikely to reduce,” Aksakov added.

The rate will be around 12 percent

In 2019, the situation with rates can go according to two scenarios, says Anton Pavlov, Managing Director for Retail Products at Absolut Bank. His opinion is given by Rossiyskaya Gazeta. The first scenario, which can be considered the most probable: the average mortgage rate will increase by another 1-2 percentage points and will be around 12 percent, he believes. Thus, it will return to the indicators of the beginning of 2017. There is a second scenario for the development of events, it is negative and can become a reality in the event of economic shocks. Then the mortgage rate will rise above 12 percent in 2019. True, Anton Pavlov considers the development of events according to the second scenario unlikely.

See the conditions under which you can refinance mortgage loans at VTB Bank today

Rates may start to fall in the second half of the year

If stability in the economy continues, then it can be expected that from the second half of 2019, mortgage rates will begin to decline and return to the level of 9.5 percent, says Michel Colbert, CEO of DeltaCredit Bank.

The Central Bank rate will be reduced, mortgages will fall in price

“The current increase in mortgage rates is a local trend. We believe that the key rate at its current value of 7.75% per annum will continue to decrease in the future. According to our forecast, it will be reduced to 7.5% per annum in the third quarter and to 7.25% in the fourth quarter of 2019. And as soon as the trend to reduce the key rate resumes, banks will start dumping, trying to increase their market share and ensure the marginality of their activities,” says Timur Nigmatullin, financial analyst at Otkritie Broker. His opinion leads the FBA "Economy Today".

In other words, as early as in the second half of the year, the trend to reduce the key rate may return, and banks will begin to fight for customers by lowering rates on mortgage products.

conclusions

Thus, mortgage conditions for potential borrowers, if you look only at rates, will worsen in early 2019. But still, even with the increase in rates, the conditions mortgage lending remain comfortable enough.

In addition, in the second half of 2019, the Central Bank may move to lower the key rate and mortgage loans will start to become cheaper again.

Of course, there are still many uncertainties associated with sanctions, the actions of the US Federal Reserve and so on. So, if you want to take a loan for housing, you need to evaluate not only the interest, but also the ability to consistently pay off the loan for a number of years and have a financial “airbag” in case of unforeseen circumstances.