OREANDA-NEWS  The mortgage rate in Russia will decrease following the reduction of the key rate by the Central Bank (CB). This forecast was shared with Vechernaya Moskva by Doctor of Economics, Professor Alexander Sagaidak.

"As a rule, when the interest rate is lowered, the mortgage interest is always lowered," the expert said. He recalled that earlier, following an increase in the key interest rate, home sales decreased, since not everyone can afford a high mortgage interest.

Earlier, the Central Bank's board of directors lowered the key rate by 100 basis points from 18 to 17 percent per annum.

The average market mortgage rate in Moscow currently stands at 20.25 percent. In the summer of 2025, the average overpayment on a market mortgage in Russia exceeded 21.5 million rubles.