“Dom.rf”: the cost of preferential mortgages remains at a minimum level 
Most Russian banks in the last ten preferential mortgages, and some even reduced them – despite the increase in the key rate of the Central Bank. This is evidenced by the data of the analytical center “Dom.rf” provided to “Lente.ru”.
Since October 22, 2021, after increasing the key rate by 0.75 percentage points (pp), weighted average market rates on housing loans rose by no more than 0.1 percentage points, analysts calculated. At the same time, according to state programs, they remained at a minimum level, and in a number of categories they decreased.
In particular, under the preferential program for buyers of apartments in new buildings and on family mortgages, rates decreased by 0.02 percentage points, to 5.97 and 4.97 percent, respectively. Far Eastern mortgages are offered at a weighted average rate of 0.13 percent.
As noted in “Dom.rf”, family mortgages are especially popular now, which have been extended to a family with one child. “Banks compete with each other for the opportunity to issue such loans and offer significant discounts to the maximum rate set under the program,” experts explain.
Earlier it was reported that the highest average mortgage rate in Russia was recorded in Sevastopol, while in September 2021 it decreased from 8.77 to 8.7 percent. The regions of the Far Eastern Federal District are recognized as the cheapest in terms of mortgage costs.