The total cost of the loan (PSK) on the mortgage in September 2026 amounted to 16.4%, after a decrease of 2.2 percentage points (p) compared to the same period last year (in September 2025 - 18.6%), and with the previous month - by 0.7% points (in August 2026 - 17.1%), according to NBKI. It should be noted that this is the minimum level of this indicator during the last year. In Moscow the mortgage rate was 16.3%, and in St. Petersburg - 16.0%. The banks could not stand the confrontation with the borrowers and began to gradually reduce the interest rate. Otherwise construction will stop completely. For many borrowers, refinancing with a rate of 1-2 p.p. Low will be significant for the wallet. Activity in the second market will also increase. VTB Bank reports that in October, the share of mortgages in the market in VTB issuances rose to 52% against 38% the month before. But 85% of mortgage loans are taken for transactions in the secondary market.

The total cost of the loan (PSK) on the mortgage in September 2026 amounted to 16.4%, after a decrease of 2.2 percentage points (p) compared to the same period last year (in September 2025 - 18.6%), and with the previous month - by 0.7% points (in August 2026 - 17.1%), according to NBKI. It should be noted that this is the minimum level of this indicator during the last year. In Moscow the mortgage rate was 16.3%, and in St. Petersburg - 16.0%. The banks could not stand the confrontation with the borrowers and began to gradually reduce the interest rate. Otherwise construction will stop completely. For many borrowers, refinancing with a rate of 1-2 p.p. Low will be significant for the wallet. Activity in the second market will also increase. VTB Bank reports that in October, the share of mortgages in the market in VTB issuances rose to 52% against 38% the month before. But 85% of mortgage loans are taken for transactions in the secondary market.