is a friendly economy time.
Today (25th) I will also be with reporter Kwon Ae-ri.
The standard interest rate also rose this month, but it seems that the actual interest rate applied to borrowers by banks is on a slight downward trend.
Do you think it will fall a little more this week?
It seems that it is difficult for those who have borrowed money to easily sympathize.
Recently, the rise in market interest rates has slowed down, but has slightly reversed to a decline.
Starting tomorrow, Kookmin Bank will lower the interest rates on mortgage loans and deposit loans.
In particular, among Kookmin Bank's charter loan products, interest rates are lowered by up to 1.3 percentage points from now.
Hana Bank has also decided to lower the interest rates on some of the key deposits and cheonsei loans that you receive directly from the bank from today by 0.3%.
These two banks actually had higher interest rates among the major banks on the market until last week.
So after they make this cut, the variable interest rate on mortgages, including other big banks that have been a bit lower, will be mostly in the 5% to 6% range, from the high 4% to the high 6%.
Now, I am talking about the 4 major banks in the 1st financial sector.
If this happens, the market interest rate will return to the level of October of last year three months ago.
Even at the beginning of this year, the upper end of the main interest rate in the first financial sector exceeded 8%.
However, since then, interest rates have generally been revised down.
The Bank of Korea raised the base rate once more on the 13th, but since then, market interest rates have been markedly lower.
Reporter Kwon also talked about it earlier, but it is said that the interest rate will be lowered, but I am the same, but most of those who have loans say, "Is it lowered?"
I guess this raises some questions.
I don't think many people who have been able to handle the interest rate that has increased sharply in the past year can't relate at all.
First of all, the lowered interest rates just mentioned can only be felt by those who take out new loans in the future.
The large drops at once are because banks adjust their own spread rates and apply them only from new loans.
In addition, the 'New Cofix' index, which is the standard for overall floating interest rates in the market, also recently fell a little by 0.05% for the first time in a year.
Among those who have previously taken out variable loans, sooner or later, those who change to the new interest rate will feel the complete opposite.
Usually, variable rate loans have a period of 6 months or 1 year to apply the changed interest rate.
The interest rate range of the main bank in the 1st financial sector has risen a lot compared to six months ago.
Compared to a year ago, it has risen by more than 2 percentage points.
Even if the standard index of my loan interest rate went down a little this month, I can't feel that my interest rate has gone down because it must have jumped.
The overall trend of the big flow is a bit of a downward trend, but it will take time for me to feel it.
I might be able to sort that out.
How much more do you think it will fall in the future?
What's the view like?
If nothing else happens, you won't see the high interest rate of the top 8% you saw earlier this year.
However, it is difficult for the time being to fall further, lest the current situation, where the burden on borrowers is still heavy, will continue for a considerable period of time.
The reason interest rates are down now is complex.
Broadly speaking, there is even a slightly hopeful expectation that the US will not raise the base rate any more, and in some cases may begin to measure the timing of the cut.
So, the general outlook is that even in Korea, which cares a lot about US interest rates, the base rate hike is over in January or will only be raised one more time at most.
When everyone is looking forward to it, the market interest rate begins to stabilize first, even if the actual base rate does not fall.
Now is just such a time.
And banks actually tend to follow the so-called guidance of the government's financial authorities.
The financial authorities, who judged that the interest burden on the market has increased too rapidly as interest rates rose too quickly, continue to signal that this is a bit difficult.
So, it is also significant that banks have adjusted their own rate hikes.
This means that expectations for the future have been reflected in the interest rates that have fallen from this month to this week, and a large part of what banks can lower themselves has already been reflected.
If so, it should be seen that it is difficult for the interest rate to drop significantly next month as well, with the same trend as this month, falling by around 1 percentage point in one month.
If there is no other reason, it seems that the current level of high interest rates will continue for the time being.