The Ministry of Finance predicted an increase in mortgage rates up to 12%

Deputy Finance Minister Aleksey Moiseyev explained that mortgage rates are formed from the rate of the Central Bank "plus 2.5 percentage points".

“Thus, we come out by 12%,” Moiseev said in an interview with TASS.

Due to the fact that banks are losing new customers due to high rates, the market will be “drawn up”.

On February 1, we recall, Sberbank raised mortgage rates. The previous increase was in December 2021. In total, Sberbank raised mortgage rates four times last year.

At the end of last year, mortgage rates in the largest Russian banks began to exceed 10%. At the beginning of 2022, the three largest banks in terms of issuing mortgage loans raised rates on market programs.

Earlier, economist Andrey Kolganov spoke about the reduction of the housing market in Russia. This trend, according to the expert, is associated precisely with high mortgage rates.