Mortgage took revenge

In the late autumn of 2010 the ruble rate mortgages reached 12.6%, below pre-crisis levels, according to Vedomosti, citing the Agency for Housing Mortgage Lending. Back in September of last year's rate was 13.2%, and two months later, it decreased by 0,6 percentage points. Initially, the most loyal proposals (12,4-12,6%) were from banks outside the top 50, but working on the program AHML ascertain specialists. Subsequently, in order not to lose market share, major players also had to lower interest rates. For example, the "Savings Bank" did it three times, and since mid-October, the minimum rate there reached 10.5%. However, in November was a record volume of debt, which reached 1.1 trillion rubles. It is worth noting that the previous record in February 2009 amounted to 1.09 trillion rubles. Because of the growth has been eroded and the proportion of delay in the portfolios. Now the number of credits for which are not overdue by a single payment or delay does not exceed a month, more than 91%. At the moment the mortgage is the most reliable retail product, and banks are actively engaged in its issue, experts say. Talking about this and the previous year. During the first 11 months of 2010, credit institutions were granted mortgages on 315 billion rubles, while for the full year 2009 - total 152.5 billion rubles.