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 government must keep close tabs on the market so that apartment prices in Seoul and other popular areas do not heat up as during the pandemic.
Korea's rate cap could be raised as the financially vulnerable are shut out of the lending market by higher borrowing costs.
Korea JoongAng Daily Sitemap
