Medvedev: Banks today could issue mortgages at 14 percent
Russian banks could already today issue mortgage loans at 14 percent per annum, and a return to the pre-crisis level of the rate is possible in two or three years. According to RIA Novosti, Russian President Dmitry Medvedev made such a statement at a meeting with workers at an aircraft plant in Ulan-Ude. “Miracles will not happen here, but I think that in the next two or three years, not earlier, we will return to the situation on the mortgage, which we had, but it does not suit us either.