OREANDA-NEWS. In January-April 2016, the indicators of housing mortgage loans in the primary market demonstrated positive dynamics, according to the data published on the Bank of Russia website.

Within this time span, credit institutions extended to their borrowers 261,000 housing mortgage loans worth 446.6 billion rubles which is by 49.8 per cent higher than in January-April 2015.

At the same time, the share of foreign currency assets in the total volume of mortgage loans extended from the start of the year remained the same at 0.1 per cent. However, the debt on foreign currency-denominated mortgage loans has been on decline since last February with its share in an overall housing mortgage loan portfolio being 2.4 per cent in April.

The average weighted rate on ruble-denominated housing mortgage loans extended in April was 12.94 per cent. A slight increase of the rate as compared with the March indicator (12.86 per cent) took place against the background of a downside trend within the interest rate subsidy programme.