According to the mortgage experts, Russian banks will continue to decrease mortgage rates in 2018. This trend has already been observed in 2017.
Mikhail Ioffe, the head of VTB Bank department in St Petersburg, stated that the double figure rates will completely disappear. A lot of banks have already understood the necessity of these changes and they are trying to modernize their offers.
It is worth reminding that a meeting of the Board of Directors of the Bank of Russia will take place on December 15, where they will define the base rate. Experts expect that it will be decreased. And it means that the mortgage rate will also decrease as it directly depends on the base rate.
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