Novak called a positive signal lower mortgage rates by banks
Banks began to lower mortgage rates. This is a positive signal, said Deputy Prime Minister Alexander Novak during a meeting of Russian President Vladimir Putin with members of the government.
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📝 Summary
Banks began to lower mortgage rates. This is a positive signal, said Deputy Prime Minister Alexander Novak during a meeting of Russian President Vladimir Putin with members of the government.
According to him, on February 7, a government decree was adopted to increase the margin of preferential mortgage programs: family, Arctic and Far Eastern. Some results are already visible. “In the mortgage market, in recent days, banks have begun to reduce rates by somewhere between 1 and 1.5 percent, depending on the size of the down payment. And this is a good, positive signal, Novak said. The Deputy Prime Minister also noted the stability of the Russian economy. According to him, there are no systemic problems in this area. So, from December 2024, the government resumed the work of the subcommittee on improving the stability of the financial sector and certain sectors of the economy. It assesses the current state of economic sectors and the degree of risk of reducing financial and economic stability. If necessary, develop measures to support industries.
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