Sberbank reduced mortgage rates

Sberbank one of the last among systemically significant banks has reduced mortgage rates: from November 22, the minimum percentage of mortgages will be 6.5% for new buildings and 8.5% for secondary housing, Vedomosti write .

Read also banks massively reduced mortgages

Details

• A decrease in bets is differentiated by mortgage types and regions. Thus, the rates of loans for the purchase of finished housing will decrease by 0.3 percentage points. (except for the products “Military Mortgage”, “Refinancing Staffled Real Estate” and state support programs for families with children), for the purchase of an apartment in a new building - by 0.4 percentage points. In most regions of Russia. At the same time, in Moscow, the Moscow region, St. Petersburg, the Leningrad Region, Tatarstan and the Novosibirsk Region, the rate will decrease even more-by 0.6 percentage points.
• The last time Sberbank reduced mortgage rates for all basic programs on October 1 by 0.3 pp, as well as on November 8 for a subsidy program with developers (by 0.2 percentage points, up to 7.1%).

Context. After a decrease in the key rate of the Central Bank, most of the largest finorganizations in Russia have already reduced the mortgage rate (we wrote about this here ). On average, a decrease in mortgage rates in 20 largest banks amounted to 0.2–0.6 percentage points.

What's next. The actions of Sberbank can spur other market participants to reduce bets again to hold their place in the market, says PSB chief analyst Dmitry Monastyrshin. At the same time, the fact that Sberbank reduced the rates later than other banks, analysts consider it a competent PR driver: the bank created an extra-favorable informational occasion. By the end of the year, Sberbank can re -reduce bets, thus stimulating the issuance, predicts the general director of Frank RG Yuri Gribanov.

According to the forecasts of Monastyrshin, by the end of the year the average mortgage rate will reach 8.8–9% per annum.