When buying housing on credit, not only sky -high prices for real estate in Moscow, but also large loan rates, interfere with the development of housing mortgages. With a decrease in half the average 13 percent banking rate, the creditworthiness of the borrower could increase by a third. The cost of a mortgage insurance policy is on average 1.5% of the cost of housing According to the mortgage lending program, only property insurance of the pledge object is mandatory.