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
Did lower mortgage rates slow housing inventory growth?
After two weeks of significant increases, my model for inventory growth with higher mortgage rates came crashing down last week.
-
Labor market report is good news for mortgage rates
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts