Fixed-rate mortgage loan rates at commercial banks exceed 7%
With the benchmark interest rate increase, mortgage loan rates have surpassed 7%, and the interest burden is growing Take a quick look at the impact on household loan costs and home prices
On the 16th, the day the benchmark interest rate was raised for the first time in 3 years and 6 months, an information banner about it is hanging at a bank loan counter in Seoul.
Due to this rate increase, the fixedrate mortgage loan rates of commercial banks have climbed above 7%. Market attention is focused on the possibility that the interest burden on borrowers considering loans could grow even heavier.
This photo captures the scene on site, showing the impact that rising interest rates may have on household loan costs and the housing market.