South Korean banks’ mortgage lending to households in March grew at a faster pace, boosting overall household loans, on lower lending rates and more new home supply, central bank data showed on Thursday. Household mortgage loans rose by ?1.68trn (US$1.49bn) in March from the previous month to ?267.2trn after adding ?701.7bn won in February, the Bank of Korea said in a statement. Overall lending to households also rose ?1.94trn in March from the prior month to ?409.3trn, the central bank said.
South Korea mortgage loan growth accelerates
Most Popular Articles
Latest Articles
GAO highlights reverse mortgage counseling in new report
Older adults need more information about financial programs, with GAO citing the HECM counseling program as an age-targeted example.