Correlation of mortgage interest rates in European markets and Russia

Ten years ago there was a serious crisis in the mortgage market, which was caused by the disfunctionality of the entire industry before the sharp drop in liquidity contributed to the largest financial crisis in half a century. In that context, in some markets of The European Union the leverage ratio was reduced, particularly in such countries as Ireland, Portugal and Spain, where the coefficient of mortgage housing credit to real disposable income had significantly declined. In 2016, the volume of both declared and issued housing mortgage credits in these countries are remained significantly lower than in 2007, although in recent years we can observe a serious recovery. The article studies the mortgage market in Western Europe and Russia. The subject of investigation is development of the programs of adjustable and fixed interest rates. We used the empirical research of mortgage lending markets in Europe as methodology of the study; the data were verified by experts in the field of mortgage finance.