The mortgage boom will turn Russians into homeless people

13 August 2018, 16:15 | Economy
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For seven months, the volume of mortgage issuance grew by 70% compared to the same period last year. So, according to the state-owned "House. rf "in 2018, it was issued almost 758 thousand. Housing loans, the total amount of which reaches 1.5 trillion rubles. At the same time, in a difficult economic environment, alas, not all borrowers will be able to pay their debts. At the same time, the ruble has significantly weakened in the last few weeks, so it's worthwhile to think about how to protect your savings. So, experts predict an increase in the Central Bank's key mortgage rate. In addition, the growth of prices for foreign goods, products.

The problem will be aggravated with the further growth of the dollar. Until November, it is unlikely to fall, which means that the refinancing rate of the Central Bank will increase. This will provoke an increase in interest rates on loans, in particular for mortgage. A similar situation was observed in 2014, when, due to a sharp jump in the value of the dollar and the euro, mortgage rates rose to 18%. Borrowers had to agree to such conditions, although it was simply scary to do so.




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