The largest banks of the country increase the cost of mortgage loans. It was quite expected, experts say. Whether to wait for the further growth of rates in 2019? Photo: Valery of Matytsin/TASS the Mortgage rises in price. The largest players in this market — Sberbank and VTB — began year with increase in rates. According to Vedomosti, at the largest bank of the country the mortgage will rise in price since January 14. Rates both on new buildings, and on ready housing will rise by 1 percentage point, for the credits with initial contribution less than 20% — in addition by 0.2 percentage points, the manager in office reported. The bank does not comment on this information. Last time Sberbank raised the mortgage stakes in October of last year — to 7.8% for new buildings of partners and up to 10.1% for ready housing at complex insurance. And VTB since January 1 increased rates by 0.6 percentage points: now the lower minimum — 10.1% per annum. For the credits with initial contribution less than 20% are entered an additional extra charge at a rate of a half of percentage point. What increase in the cost of a mortgage is connected with, the independent analyst Dmitry Stepanov explains: — Increase in the cost of a mortgage from the largest banks are a quite expected phenomenon for several reasons. First, inflation grows up, discount rate of the Bank of Russia raises that, certainly, affects the price of one and all credits — both car loans, and consumer, and mortgages including because it is a crediting form too. The mortgage now even with increase rather inexpensive, and, in principle, increase carries cosmetic effect. But also this increase solves also the second problem. The matter is that in the real estate market, in the market of mortgage lending easy "bubble" is observed. Investors went actively to take a mortgage, to buy the real estate. It including affected pricing of construction companies, the prices a little bit grew up. In order that to smooth this "bubble", the mortgage rises too. — All other banks after Sberbank and VTB will begin to raise the stakes? — Of course. We have large players who specialize in a mortgage, but it is, of course, first of all Sberbank, the pilot of the market. Other banks look at proposals of this player, but always try to give some, perhaps, more interesting offers in fine details: faster consideration of the application, help in paperwork, some other questions of loyalty. Whether to wait for decrease in rates on mortgage loans this year, the head of operations in the currency and monetary markets of Metallinvestbank Sergey Romanchuk comments: Sergey Romanchuk the head of operations of Metallinvestbank in the money and foreign exchange market "Both Sberbank, and VTB react to the changing environment and risks, and they are very pro-inflationary. Respectively, in the existing paradigm the Bank of Russia can continue to raise a rate, and this trend on raising of a rate can proceed. Though, most likely, it will be medium-term, that is will be limited 2019, and by the end of the 2019th — in 2020 rates can go down. It is the basic scenario. It is quarrystone
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