The average cost of mortgages has exceeded 30%
The average cost of a mortgage loan has passed the 30% mark for the top 10 market players, Izvestia found out. Now the overpayment for the entire term of the housing loan can be sevenfold, and the monthly payment for housing in large cities easily reaches 150-300 thousand rubles.
The minimum threshold of the cost of the mortgage increased by 1.3 p.p. for the month - up to 27.5%, follows from the data on the websites of banks. Half of the market participants from the top 10, the indicator starts from 28%. At the same time, the upper limit of the total cost of the loan (TCOP) is now an average of 33.4%.
The level of mortgage rates at 30% is essentially a barrier, said economist Andrei Barkhota. According to him, over the past three years, the size of the monthly payment, taking into account the growth of the key and the rise in housing prices has increased about four times. Because of this, new real estate is unaffordable for borrowers with average incomes.
Overpayment on a mortgage loan of 10 million rubles (taking into account the down payment of 2 million) for a term of 25 years with a 30% interest rate will amount to 65 million rubles. That is, the final amount (debt plus interest), which will be paid by the borrower, will exceed the cost of housing in 7.5 times.
Now the mortgage market is frozen by unsustainable rates on market programs, stated Yuri Belikov, managing director of the rating agency Expert RA. The industry is supported only by preferential programs, which account for a significant part of the issuance - but banks are again faced with a shortage of limits on them, he added. At the same time, the prospects of support from the budget are not obvious, because it is difficult for the Ministry of Finance to subsidize preferential rates at the key rate of 21%.
Read more in the exclusive material "Izvestia":
At the price of seven: the average cost of mortgage in Russia has passed 30%
Переведено сервисом «Яндекс Переводчик»
