Banks thrown off the roof

Mortgage shock suffered by the market in 2008, resulted in a reduction in mortgage lending in 2009, almost six times. Part of the banks refused to do to issue mortgage loans, as part of the inflated rates to incredible heights - 35,6% per annum, thus making the loans simply unaffordable. Than steel unless the state-owned banks, which have tried to keep rates at an acceptable level - 13-19%, which, however, is also considered too high. According to the company Kreditmart, in January 2009, the average rate on mortgages was 35.5%. "So banks have demonstrated that temporarily do not want to develop this business" - says senior vice president of the Moscow Bank for Reconstruction and Development Andrew Silk. Naturally, this greatly discourage the desire to take the mortgage and the borrowers. As a result, according to Central Bank in November 2009, the volume of mortgage loans fell from 2008 levels by almost six times and reached a total of 122 billion rubles. Thus, the crisis has pushed the mortgage market already in 2006. Main animators mortgage appointed Agency for Housing Mortgage Lending (HMLA), which systematically reduced its discount rate on refinanced loans, following on the refinancing, thereby encouraging banks are also lowering the cost of credit. According to "KreditMart" since the beginning of the year the average rate decreased by almost 22 percentage points in December on ruble loans was 17.58% and foreign exchange - 14.36%. Some of the largest mortgage banks managed to reduce the mortgage rate is stronger. For example, Sberbank, VTB 24, Transcreditbank and DeltaCredit made mortgages cheaper: the minimum rates in these banks stood at 10,5-13%. Moreover, at the end of the year the mortgage was possible to take even a 10% - program HMLA in some regional banks that issue loans on Standards Agency, as well as regional operators HMLA. But this is only some programs and minimum rates that can not afford not all borrowers. Breathe new life into the mortgage, according to experts and governments, can cheaper mortgages up to 10-11% per annum. According to Prime Minister Vladimir Putin, affordable mortgages will be called when interest rates on loans will fall to 10-11%. Agree with him all banking experts. "In 2010godu we'll see mortgage rates fall in the largest banks at 1-3%, including Alfa-Bank", - said the head of mortgage lending unit of Alfa Bank Ilya Zebari. Vice President of Business Development Deltakredita "Dinara Yunusov also noted that the bank did not rule out the possibility of lowering mortgage rates in 2010. Deputy Chairman of Sberbank Anton Karamzin told RBC daily, that the Bank will adjust the credit policy according to changes in market conditions and the actions of the Central Bank. VTB 24 is also considering the possibility of reducing the interest rates on mortgage programs, but no final decision has been made yet, "- said vice-president VTB 24 George Ter-Aristokesyants. Zam-representation of the bank Uralsib Ilya Filatov said that in late 2009, the bank cut rates several times and plans to continue the gradual reduction next year. Deputy president of bank "Revival" Oleksandr Dolgopolov said the bank will cut rates on loans issued under the program HMLA, followed by the agency. Sergei Lavrentiev