Monthly Mortgage Loan Growth Reaches Record High
Wednesday, 11 September 2024, 00:26
Unprecedented Growth in Mortgage Loans
The latest data indicates that monthly mortgage loan growth reached a staggering 8.2 trillion won ($6.1 billion). This record-breaking figure showcases the strength of the current mortgage market. As a result, the total outstanding mortgage loans now stand at 890.6 trillion won.
Factors Driving the Surge
- Increased demand for home purchases
- Low interest rates encouraging borrowing
- A growing consumer confidence in the housing market
This growth trend is expected to impact the housing market positively, driving up property prices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.