[Infostock Daily= Reporter Lee Kang-wook] COFIX, which is the interest rate standard for floating interest rate mortgage loans in the banking sector, fell all at once.
According to the Federation of Korean Banks on February 16, The COFIX rate on monthly acquired new funds stands for February was 1.43%, down 0.11 percentage points from the previous month for three consecutive months.
The rate on outstanding balances stands COFIX fell 0.03 percentage points to 1.72%, while the New COFIX on Outstanding Balances stands, which is reflected in market interest rate fluctuations, fell 0.44 percentage points to 0.03 percentage points from the previous month.
As major banks lowered interest rates on the delivery, new COPIX based on new treatments fell sharply, and the balance-based COPIX continued to decline.
COFIX is a standard for setting interest rates on mortgage loans at a weighted average of the interest rates on products financed by domestic banks such as fixed deposits, savings, and housing deposits.
Reporter Lee Kang-wook gaguzi@naver.com
