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    Russian govt. to strive for 6% mortgage rate - Putin

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    The Russian government will strive to create conditions for 5-6 percent mortgage interest rates, Prime Minister Vladimir Putin said during his annual address to parliament on Wednesday.

    The Russian government will strive to create conditions for 5-6 percent mortgage interest rates, Prime Minister Vladimir Putin said during his annual address to parliament on Wednesday.

    The 2010 mortgage rate was 13.1 percent, down 1.2 percent from 2009.

    "We should create conditions for mortgages to drop and strive for mortgage rates to fall to 5-6 percent," Putin said.

    MOSCOW, April 20 (RIA Novosti)

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