Absolut Bank increased mortgage rates by 0.6 percentage points to 9.1 percent 
mortgage – VTB has already announced the future rise in the cost of housing loans. Such dynamics is associated with an increase in the key rate, according to experts interviewed by RIA Novosti.
The rates on standard mortgage lending programs were increased by Absolut Bank – by 0.5 percentage points. The rise in mortgage prices was also recorded in MTS Bank and Promsvyazbank. From November 22, VTB will also raise rates.
Experts predicted a further increase in mortgage rates. “There is a risk of an even stronger increase in the key rate, as the pace of inflation acceleration could force the Bank of Russia to continue the cycle of monetary policy tightening. However, today we can say that most players will be forced to respond to an increase in funding costs and raise mortgage rates, “Dom said to Rosbank.
However, some market segments did not raise rates, including RNKB. Until the end of 2021, we decided to wait at Bank Saint Petersburg. The Moscow Credit Bank will also monitor the market situation.
Earlier, Tatyana Ushkova, the chairman of the board of Absolut Bank, announced an increase in mortgage rates in 2022. According to her, banks have already laid down operational plans, which do not include rates at the level of 7.5 percent. In 2022, bankers plan to raise the rate to 9 percent per annum.