As the interlocutor of RT emphasized, mortgages are "a big driver in increasing employment in the production of building materials."

“It is very important for us not only to replace imports of this or that product, but also to create jobs.

After all, construction is one of those areas where the multiplier effect is one to nine, one to nine and a half.

That is, there are nine people providing for one employed in the main production - these are manufacturers of reinforced steel, finishing materials, cement, ”explained Gutenev.

In addition, the deputy positively assessed the agency's prompt response to the president's instructions.

Also, according to the parliamentarian, this rate "will strongly encourage our fellow citizens to enter into mortgage processes." 

Earlier it became known that a draft resolution was submitted to the Cabinet of Ministers to reduce the rate on preferential mortgages to 7%.

On June 17, Russian President Vladimir Putin, at a plenary meeting at the SPIEF, proposed to reduce the preferential mortgage rate to 7%.