Last month, the interest rate on mortgage loans in banks soared to the highest level in two years and six months.
It even exceeded the average of 3%.
In line with the government’s strengthening of household loan management, loan interest rates are expected to rise rapidly in the future, increasing the burden on borrowers.
Reporter Cho Tae-hyun reports.
In order to overcome the economic crisis caused by the spread of COVID-19,
The base rate of 0.5% per annum has been running for over a year.
However, with the prolonged low interest rates,
As various side effects surfaced, the Bank of Korea raised the base rate in August.
[이주열 / 한국은행 총재 (지난 8월) : 물가상승 압력이 당분간 높은 수준을 나타낼 것으로 예상되는 점, 완화적 금융 여건에서 금융 불균형 위험이 계속 누적되고 있는 점을 고려했습니다.]
As the further increase in the base rate was accepted as a fact,
Market interest rates are also rising rapidly.
Last month, the average interest rate on mortgage loans in banks broke down the barrier of 3% per annum.
It recorded the largest increase in 4 years and 10 months,
It was the highest interest rate since March 2019.
As interest rates on credit loans soared 0.18 percentage points in one month,
It has risen to 4%.
This is the highest record in two years and three months.
The outlook is also not bright.
This is because banks are raising the lending threshold by reducing or abolishing preferential rates in order to respond to the financial authorities’ strong management of household loans.
Some banks have already peaked above 5% for hybrid mortgage rates.
[빈기범 / 명지대학교 경제학과 교수 : 늦어도 내년 중반까진 기준금리가 1.5%에서 1.75%까지 오를 것이라고 보는 것 같습니다. 은행들이 수익성 차원에서 대출금리를 과도하게 선반영하고 있다고 생각합니다.]
Even if it is difficult for end-users to get a loan,
It is a situation that has no choice but to suffer from high interest rates.
This is the reason why some are pointed out that the government should hasten the establishment of a system to protect the common people.
This is YTN Jo Tae-hyun.
YTN Cho Tae-hyun ([email protected])
[저작권자(c) YTN & YTN plus 무단전재 및 재배포 금지]