Starting July 1, 2027, the Bank of Russia will require credit institutions to create increased reserves for mortgages, the payment of which increases by more than 20% per year, writes Izvestia. The grace period with low payments on such loans will be limited to three years. The regulator intends to neutralize programs in which the banks temporarily reduce the rate at the expense of the developer, who includes these costs in the price of the apartment. At the beginning of the year, the share of this type of programs in the primary market reached 20-30%.