Mortgage rates do not suit the government

Government Regulation igry10-02-2010 Interest rates on mortgages are not satisfied with the Government of the current rate of mortgage lending at 14% while the annual inflation rate 8.8%, Prime Minister Vladimir Putin considers excessive. The Head of Government, said at a meeting on housing. According to him, in 2010, will be channeled to development lending 250 billion to date has already allocated 40 billion in addition, the Prime Minister noted that Russia's central bank, in order to create favorable conditions for the reduction in mortgage interest rates, has been repeatedly cut rates refinancing. In times of crisis, it was noted a sharp drop in the population of interest in mortgage loans, mostly due to the fact that banks have sharply increased their bets on them. Some banks have brought the annual payments on loans for housing up to 20%. It is worth recalling that earlier Vladimir Putin has already stated the need to reduce mortgage rates to 11%. The last time the figure of 10-11% from the lips of the Prime Minister has sounded the end of January this year when the Agency for Housing Mortgage Lending of the National Welfare Fund stood above mentioned additional 40 billion rubles. In the future, according to the head of the government, mortgage rates should drop to 7%.