[South Korea's Choice Financial newspaper reporter] fell by only switching the mortgage cost index funds that are based on newly extended loans nose fixes (COFIX) five months. If you get a new nose fixes linked floating rate mortgages are observed to be more interest burden would be alleviated delivery.
Korea Federation of Banks said that 15 days fell 0.06 percentage points more than in January based on newly extended nose fixes the interest rate delivered to 1.5% (1.56%).
The fix was newly extended nose maintain a continuous rise in August last year (1.31%), beating the March lows 9-12 in just four months is bent five months.
Bankers Association said, "based on newly extended nose fell fix decline in market interest rates. The simple average of the one-year bank bonds (AAA) rate dropped to 1, compared to 1.58% month delivery (1.68%).
Fixed interest rates were aggregated balance basis nose to 1.61%, down slightly more than delivered. Based on the nose fixes previously Balance Bar has dropped consecutive 59 months to November last year.
Bankers Association has analyzed that "balance basis nose fix coming due this past treated such a high interest rate deposits and the relatively low interest rates, a decline in deposits was reflected under the new '.
Balance basis nose fix, but gradually reflect market interest rate fluctuations, based on newly extended nose fix woljung is characterized as a calculated target new funding to be able to adapt quickly than the market interest rate fluctuations balance basis nose fixed.
KFB emphasized that "should choose a loan product after you fully understand the characteristics of the nose fix if you get a nose fixes linked loans.
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