After two months of increasing mortgage rates, April saw a steep decline and for the first time in history dropped within the 2% bracket. Below details the packages that several of the bigger banks were offering last month:
“Sberbank (lower fixed rate for a fix 3-7 years)
Expobank (increase in fixed rates on all products to fix 2 or more years)
GE Money Bank / Money Bank now Moneta (lower fixed rates in connection with the adjustment action “Mortgage from 1.88%”)
Commercial Bank (reduction of fixed rates on all products except mortgages without proof of income and the ‘American’ mortgages”
After this decrease it does look set that rates are increasing again but some are hopeful with last year’s record dip in May 2015 that they could drop again.