Official says Russia to prolong 6.5% cut-rate mtge program

MOSCOW, Sep 24 (PRIME) -- The Russian government plans to prolong the program of cut-rate, 6.5% mortgages, Deputy Prime Minister Marat Khusnullin told reporters on Thursday.

The program of reduced-rate mortgage was launched at the end of April and is applicable for loans issued until November 1, 2020.

Khusnullin said that the program was very successful and the industry attracted 500 billion rubles. "We plan to prolong it," he said, adding that a final decision will be made closer to November.

(76.3545 rubles – U.S. $1)

End