Mortgage rates will not be greater than 11%

Nedvizhimost15-05-2007 At least 11% planned to reduce annual interest rate on mortgage loans in 2007. This was stated by Presidential Plenipotentiary in the Central Federal District Georgy Poltavchenko. Summing up 2006, he reported that last year in the CFA was granted mortgage loans worth 25.1 billion rubles and gave a welcome fact of reducing the annual rate on mortgage loans of up to 12%. G. Poltavchenko noted that in 2007 the authorized capital of the Agency for Housing Mortgage Lending (HMLA) will increase by 4.5 billion rubles. In addition, he said, within two years HMLA will be provided state guarantees amounting to 30 billion rubles, and in 2007 - 16 billion rubles. "It is also envisaged the implementation of measures to build infrastructure, residential mortgage lending and mortgage securities market, including the development of the regulatory framework" - said the envoy. G. Poltavchenko drew attention to the fact that the regions are unevenly is working to implement national housing project. " According to him, the main reason is that in some regions during the past eight years, incomes have grown faster, which enabled citizens to a decent salary, enough so that they can engage in mortgage lending schemes, as well as in the direct acquisition of housing and in other regions of the financial possibilities of the population not enough, "Interfax reported. G. Poltavchenko noted that with the adoption of the law on self-government "leaders of the municipalities have leverage to influence the process of construction of housing in their areas, which will allow them to work effectively in this direction, together with regional leaders. "But most importantly, in my opinion, lies in the fact that, in general today is economic growth across the district, including those regions which are traditionally considered to be depressed, and so now there is a real opportunity to solve these problems in general, CFD, - stressed the Ambassador. Oleg Zolotv