EconomyRussia to tie family mortgage rates to number of children, with Moscow rate for one-child families doubling to 12%
Russia’s Finance Ministry is changing the Family Mortgage program from October 1 so rates and loan limits vary by the number of children and the family’s location. In Moscow and nearby regions, rates will range from 12% for one-child families to 4% for families with five or more children; construction loans remain at 6%.
Russia to tie family mortgage rates to number of children, with Moscow rate for one-child families doubling to 12%