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As the index, which is the standard for lending rates in the banking sector, has risen, the interest rate on mortgage loans is now approaching the 8% range.

It is highly likely that the interest burden will increase in the future.



Reporter Nam Jung-min reports.



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As of today (16th), commercial banks have raised their mortgage interest rates all at once.



As the Cofix, which is the standard for the interest rate of the main bank, jumped 0.36% p, the interest rate of the main bank, KB Kookmin Bank, was raised from 6.27 to 7.67%, and Woori Bank, from 6.92 to 7.72%.



With the lowest interest rate at 6%, the burden on borrowers has become much greater.



If you borrowed 500 million won a year ago with a 30-year repayment of principal and interest, you would have to pay back about 2.26 million won a month, but now your monthly payment will jump to 3.08 million won.



[Mr. Kim / Mortgage borrower (purchased a house in 2019): The money to be repaid (principal and interest) has almost doubled.

Income doesn't increase that much.

Most of the money that can be spent is going to pay off the loan.]



The problem is that interest rates are highly likely to soar.



The Fed has already raised its interest rate forecast for next year to the 5% level, and it is highly likely that the Korean base rate will be raised further.



The prevailing view is that the Judamdae interest rate will break through the 8% line in the first quarter of next year.



[Hwang Sewoon/Senior Research Fellow, Capital Market Institute: (The lower the income, the more likely it is that the burden of repayment of principal and interest will increase exponentially.

There is a high possibility that delinquency and home mortgage defaults will occur intensively here.] As



the highest interest rate on leasehold loans affected by COFIX rises to the 7% range, tenants are also taking a hit.



[Mr. Lee/Cheonse loan borrower: While extending the jeonse (loan interest rate), he received 2.7%, but this time it was raised to 5%.

Before that, I paid 580,000 won (monthly) in interest on a loan, but now I am paying over 1 million won.]



In the midst of this, the International Monetary Fund and the IMF warned that real estate prices in Korea, which had bubbled due to a surge in prices during the corona, could be subject to a large adjustment. I did.



A sharp rise in interest rates is expected to further drive down house prices.



(Video editing: Kim Jong-mi)