What types of mortgage rates?

"Free" money are only in a mousetrap. But there they have not been polezesh. That has to borrow at the bank under a certain percentage. And how banks set their rates? Today, banks offer foreign currency loans by 7.12% per annum, while the ruble - 9-16%. It is not enough. After 15-20 years while the borrower will give the principal amount of debt, about the same even nabezhit interest. Fact is very disappointing, but at least encouraging that the banks promise to reduce rates. Types of bets mainly banks with mortgage loans using a fixed rate. That is, the borrower and 5 years and 20 years will pay the debt at the same rate. But there are also floating. As you might guess, this rate change. If the loan currency, the rate will depend on the LIBOR (London Interbank Offered Rate Exchange). Changed LIBOR, the rate has changed for the client. I credits in rubles, the rate is tied to MosPrime. Dependence rate mortgage rates depend on factors such as: • Willingness housing. If the dwelling during the construction phase, the percentage will be higher • A lending. If you bought a house, the mortgage rate will be higher than the acquisition of an apartment • Term of mortgage lending. Not always, but banks are using a long term loan for a higher rate • Down payment. If the first payment is a significant amount of the cost of purchased housing, mortgage rate can be reduced.