South Korea: Mortgage credit interest rate
* indicates monthly or quarterly data series
| South Korea |
Mortgage credit interest rate, percent |
|---|---|
| Latest value | 4.4 |
| Reference | March 2023 |
| Measure | percent |
| Source | Bank of Korea |
For that indicator, we provide data for South Korea from September 2001 to March 2023. The average value for South Korea during that period was 4.58 percent with a minimum of 2.39 percent in August 2020 and a maximum of 7.58 percent in October 2008.
Click on the following link to see the values of Mortgage credit interest rate, percent around the world.
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Measure: percent
Source: Bank of Korea
Source: Bank of Korea
Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.