Episode Description:
Korean mortgage borrowers are facing another rate hike as COFIX — the funding-cost index that anchors variable mortgage rates — rose to 3.18 percent in July, its fourth straight monthly increase and the highest level in a year and seven months. KB Kookmin Bank has already raised its COFIX-linked variable mortgage rate range to 4.38–5.78 percent, with Woori Bank following suit. Banking officials expect the upward trend to continue if base rate hikes materialize, though that remains a forecast rather than a confirmed policy move.
Sources:
주담대 변동금리 또 오른다 — Seoul Economic Daily, 2026-08-19
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Tags: #COFIX #MortgageRates #KoreaBanking #InterestRates #KBKookmin #AIPRISM #SeoulEconomicDaily #WANIFRA
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