Refinancing is not in demand

The number of banks offering mortgage refinancing, has more than doubled, but the service is not popular among the population. So, for the first half of this year the banks managed to make only about 35 transactions, according to Kommersant. Now the program operates in 12 lending banks, which is significantly higher than last year (if service is operated in 5 banks), but significantly below pre-crisis level (25 banks). In 2008, the volume of mortgage loans to pay off the mortgage with other banks, amounted to 130.5 million rubles. And the crisis in 2009 fell to 15.1 million rubles. Given that, according to CB, the average mortgage is about 1 million rubles., This could be about the 15 transactions. Service the mortgage-lending work again last fall. Then the launch of the program, said a number of banks: Sberbank, in November, the Bank of Moscow, in January 2010, VTB 24, etc. However, according to statistics of the Central Bank, the proposal is still not in great demand. This year, the volume totaled perkreditovaniya some 35 million rubles., Which equates approximately to 35 transactions. According to experts, the low demand for lending has been associated with the fact that in a crisis people stopped to take a mortgage, at least in the mortgage market fell while in 2,5 times. However, in 2010, mortgage rates close to pre-crisis levels, people again began to show interest in it, so perhaps soon the Russians will pay attention to on-lending program.