Mortgage rates
![Cofix, or the Cost of Funds Index, a benchmark lending rate for mortgage loans, came to 3.82 percent in September, up 0.16 percentage points from a month earlier, according to the data from the Korea Federation of Banks. The average lending rate of major banks in Korea for mortgage loans increased for the first time in three months after interest rates for deposits and bank bonds went up. The photo shows a banner showing interest rates attached outside a bank on Tuesday in downtown Seoul. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2023/10/17/be7907e8-064c-4fb5-8d61-1525bd08fc20.jpg)
Cofix, or the Cost of Funds Index, a benchmark lending rate for mortgage loans, came to 3.82 percent in September, up 0.16 percentage points from a month earlier, according to the data from the Korea Federation of Banks. The average lending rate of major banks in Korea for mortgage loans increased for the first time in three months after interest rates for deposits and bank bonds went up. The photo shows a banner showing interest rates attached outside a bank on Tuesday in downtown Seoul. [YONHAP]
BY SEO JI-EUN [seo.jieun1@joongang.co.kr]
with the Korea JoongAng Daily
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