Ksenia Yudaeva First Deputy Chairman of the Bank of Russia “Mortgage rates in the Russian Federation fell to a minimum - in March the average rate was 9.64%” Source: TASS Yes, but ... the average mortgage rate in Russia has been below 10% per annum for six months Back in November last year, against the backdrop of the record in the latest history of Russia, inflation rate on mortgage loans in the country first dropped below 10%.