Banks' household mortgage lending rates rise to 2 yrs 7 months high in June

Coverage from South Korea in this set centers on the following account: Banks' household mortgage loan rates rose for the second consecutive month to the highest point in two years and seven months in June on rising market interest, central bank data showed Tuesday. The average interest rate on new bank loans stood at 4.31 percent last month, up 0.12 percentage point from a month earlier, according to the data from the Bank of Korea. The average rate on corporate loans added 0.14 percentage point to 4.27 percent, while the rate on new household loans rose 0.04 perce This reflects the emphasis of the supplied Korea Herald, Yonhap News reporting, not the view of the country or its entire media landscape. [Sources: Korea Herald, Yonhap News]