Medvedev ‘recommends’ 6-7 pct mortgage rate

Housing mortgage rates in Russia should not exceed 6-7 percent, Russian President Dmitry Medvedev said on Tuesday. “Housing mortgages should be more or less accessible – not 15 percent, but 6 percent to 7 percent,” he said. The interest rate could be subsidized from the federal budget, he added. He said, however, that if inflation […]