Thursday, March 30, 2017

Bank mortgage rates 3.19% up to two years,



[Korea Selected financial newspaper reporters] showed that one month of the household loan mortgage interest rates continue to rise.

According to the Bank of Korea on the 30th announced, in February 2017 the weighted average interest rate financial institutions', in February (below standards newly extended) deposit mortgage interest rate of the Bank rose 0.03% points compared to January annual 3.19%. Mortgage rates were rising after the seventh month rose to 2.70% in August last year. Since February 2015 (3.24%) is also the highest level in two years.

However total household bank lending rates fell slightly in January compared to 0.01% 3.38% points. The household lending fell a half years since last August.

Group loans, for mortgages, savings have dropped respectively by 0.02 percentage point, 0.04 percentage points, the general credit fell by 0.05% points.

February proportion of fixed-rate bank household loans was 40.1% with 1.5 percentage points higher than in January.

February corporate loan rates fell 0.06 percentage points compared to 3.49% in January. Large companies (3.09%) and small (3.75%) 0.11% points, respectively, fell by 0.04% points.

February Savings Interest Rates, unlike interest rate rise fell 0.02 percentage point to 1.49% and was the second month in a row naerimse. Regular deposit interest rate fell 0.03%, 1.44 percentage points more than delivered.

Differences in overall bank lending rate (3.45%) and the deposit rate was reduced to 0.04% points higher than in January 1.96% points.

Deposit interest rates of non-bank deposit-taking institutions are savings banks (2.11%) rose substantially, except it is missing 0.01% points.

In the case of lending rates, while savings banks fell 0.39 percent points lower than the 11.36 percent in January, the community credit totaled 0.10 percentage points rose 4.02%.

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