The real estate market will stabilize, mortgage resumes

02.12.2010 13:41
Real Estate Market Analysis | The real estate market will stabilize, mortgage resumes With the establishment of a certain stabilization of the real estate market has been renewed mortgage lending. This year, the average effective rate decreased by 6% compared to 2009.

First payment reduced by 10 percent and increased the loan term of 10 years. In addition, the number of offerings on the market quadrupled, writes UBR.

"Next year is expected, and the subsequent decrease in rates, which may amount to 2-3 percentage points, and improve other lending conditions as may be, banks can offer loans for 25-30 years and the average down payment may be reduced from 40 to 30%, - Alexander says Sedykh findirector consulting company.
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