Today (17th), the interest rate on mortgages has risen again.

The variable interest rate has already exceeded the maximum of 5% per annum.

Interest rates are likely to rise further in the future, but switching to a fixed rate is burdensome.

Let's take a look at reporter Kim Jung-woo's report together.


Mr. A, an office worker in his 30s, is afraid to check the interest rates on loans these days.

That's because the interest you have to pay each month, including the interest on your home equity loan and credit loan, has increased by more than 10% compared to a year ago.

[Mr A/Office worker: I think the interest rate has risen by more than 1 percentage point compared to a year ago.

It has risen more rapidly in the past six months, and if interest was about 1.2 million won per month, it has recently risen to about 1.4 million won.]

The interest burden is growing, and the cost of financing index, the The fixed rate rose again to 1.84%.

It is the highest in three years.

Banks make floating rate loan products by attaching an additional interest rate to Cofix, and unless banks reduce the additional interest rate, the interest rate will rise accordingly.

In fact, the variable interest rate for mortgage loans in the banking sector has risen to over 5% per annum.

In addition, the central bank of the Republic of Korea (BOK) governor said that he could raise the Korean base rate by 0.5 percentage points at once in consideration of high inflation and US interest rates, so the pressure on interest rates is considerable.

Fixed interest rates are advantageous during periods of rising interest rates, but 80.5% of new household loans choose floating rates.

This is because the fixed interest rate is already heading towards the 7% range, which is still a burden.

[Seo Ji-yong/Professor of Business Administration at Sangmyung University: There are some people who feel a bit burdened by changing from a relatively variable rate to a fixed rate because the interest rate for fixed-rate loans is too high.

These people seem to need some improvement.]

Critics say that unless banks lower the fixed interest rate to an appropriate level or reduce the additional interest rate that they share, the burden of interest rates is passed on to customers.

(Video editing: Kim Jun-hee, VJ: Park Hyun-woo)