“Taking into account the sharp change in the key rate, the announced plans of the Central Bank to increase it in December, as well as the increase in mortgage rates by other players, VTB decided to revise mortgage rates from November 22.
The rate for clients will be increased by 0.7 percentage points, to 9% - for both finished and under construction housing.
Refinancing of mortgages from other banks will be available at 9.1%, ”the bank's press service told TASS.
Earlier it became known that Sberbank raised mortgage rates for new buildings to 8.8% and up to 9.1% for secondary housing.
In September, the head of the Bank of Russia Elvira Nabiullina spoke about the rise in housing prices in the country during the coronavirus pandemic.