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March 9, 2010
CPR on Mortgages
By Tai Adelaja
Russia Profile
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The past 18 months have been testy times for young Russians looking to purchase a home they could call their own. But come April, the difficult times may be over, as the government starts paying more serious attention to the idea of using Russian taxpayer money to get at the root of the nation’s mortgage problem: the higher-than-average interest rates that scare off potential borrowers. But does this actually mean that the average Russian citizen will be able to afford a mortgage?

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