Yonhap Infomax NewsSouth Korea’s COFIX, the benchmark for variable-rate mortgages, fell for the eighth straight month to 2.63% in June, prompting major banks to lower mortgage and Jeonse loan rates amid expanding household lending.
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Household Lending Expands as Mortgage and Jeonse Loan Rates Continue to Fall—COFIX Down 0.07%p
South Korea’s COFIX, the benchmark for variable-rate mortgages, fell for the eighth straight month to 2.63% in June, prompting major banks to lower mortgage and Jeonse loan rates amid expanding household lending.