Banks' household mortgage lending rates up for 5th month in Sept.

Korea Times News ·
Economy Inflation & Rates South Korea
South Korea

Banks' household mortgage loan rates rose for the fifth consecutive month in September on rising market interest, central bank data showed Thursday. The average interest rate on new bank loans stood at 4.57 percent last month, up 0.17 percentage point from a month earlier, according to the data from the Bank of Korea (BOK). The average rate on corporate loans increased 0.19 percentage point to…

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