2024-07-27 19:01:12
Monthly increase of 5 trillion won for 3 consecutive months continues to surge
As house prices gradually rise, demand is concentrated before DSR regulations are strengthened
The housing mortgage loans from commercial banks increased by over 5 trillion won this month. This is the third consecutive month that the monthly increase has exceeded 5 trillion won.
According to the financial sector on the 27th, the balance of mortgage loans at the five major commercial banks, including KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup, was tallied at 557.4116 trillion won as of the 25th. This is an increase of 5.259 trillion won from 552.1526 trillion won at the end of last month to this month.
Previously, the amount of housing loans from commercial banks had increased sharply by 22.2604 trillion won in the first half of this year. The monthly increase gradually expanded to 4.3433 trillion won in April, 5.3157 trillion won in May, and 5.8467 trillion won in June.
Ahead of the strengthening of the debt service ratio (DSR) regulation in September, demand for loans is increasing before the limit is reduced as housing prices rise, especially in Seoul. Banks are raising interest rates one after another to control the speed of household debt.
Kookmin Bank and Shinhan Bank will raise their mortgage rates by an additional 0.2% starting on the 29th. Earlier, Hana Bank raised its rates by 0.2% earlier this month, while Woori Bank and Nonghyup Bank raised their rates by 0.2% on the 24th.
Along with commercial banks, internet-only banks that are popular with real demanders have also joined in on the interest rate hike. On the 26th, Kakao Bank raised its mortgage loan interest rate by 0.1%. It explained that it was adjusted upwards to ensure stable management of household loans. K Bank raised its mortgage loan interest rate on the 9th and 23rd.
Despite this reduction in lending rates, the surge in housing loans is not slowing down. Analysis suggests that demand for loans before the DSR stress is strengthened is increasing as housing prices continue to soar again.
According to the Korea Real Estate Board, apartment sales prices in Seoul in the fourth week of July rose 0.30% compared to the previous week. This is the 18th consecutive week of increase. The weekly increase gradually expanded, recording the highest level in 5 years and 10 months since the second week of September 2018 (0.45%).
The rent price of Seoul apartments has been rising for 62 weeks. According to KB Real Estate analysis, the sale price of Seoul apartments has been rising for 10 consecutive weeks.
In the fourth week of July, it rose 0.19% from the previous week. The increase continued to grow: 0.09% on July 1 → 0.12% on July 8 → 0.17% on July 15 → 0.19% on July 22.
[서울=뉴시스]
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2024-07-27 19:01:12