banks\ home loans with fixed rates fall in july
Last Updated : GMT 01:55:14
Arab Today, arab today
Arab Today, arab today

Banks\' home loans with fixed rates fall in July

Arab Today, arab today

Arab Today, arab today Banks\' home loans with fixed rates fall in July

Seoul - Yonhap

The portion of local banks\' household loans with fixed rates declined in July from the previous month despite the government\'s push to mend the banking practice of extending floating loans, data showed Monday. Local banks\' household loans with fixed rates accounted for 23 percent of all outstanding home lending as of end-July, down from 23.2 percent at the end of June, according to data compiled from local banks. The portion of banks\' household loans with fixed rates had been on the rise on the back of the financial regulator\'s push for a soft landing of household debt problems. The weight of such lending surpassed the 20 percent level for the first time in January. The regulator has been urging local banks to extend home loans with fixed lending rates as part of its drive to fix the banks\' lending practices. The bulk of banks\' mortgage loans are extended with floating lending rates, making households more exposed to higher debt-serving burdens if market rates rise. But the portion of home loans with fixed rates declined in July for the first time in 26 months, mainly because a fall in the benchmark lending rate dubbed COFIX lured more customers, industry watchers said. COFIX is determined by averaging interests paid on capital funding by nine major lenders and is made public on the 15th of every month. COFIX is used as the benchmark for floating lending rates. South Korea\'s household credit totaled a record high of 980 trillion won (US$901.2 billion) as of end-June. Korean households\' high indebtedness is cited as the main bugbear for policymakers as it is feared to crimp consumer spending, hurting economic growth.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

banks\ home loans with fixed rates fall in july banks\ home loans with fixed rates fall in july

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

banks\ home loans with fixed rates fall in july banks\ home loans with fixed rates fall in july

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday