In 2020, the average interest rate for new mortgage loans in South Korea stood at 2.5 percent, down from the previous year's 2.74 percent. The average interest rate for new mortgage loans in South Korea has fallen steadily in recent years.
Annual average interest rate of new mortgage loans in South Korea from 2011 to 2020
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Bank of Korea. (May 27, 2021). Annual average interest rate of new mortgage loans in South Korea from 2011 to 2020 [Graph]. In Statista. Retrieved June 26, 2022, from https://www.statista.com/statistics/1119948/south-korea-average-interest-rate-new-mortgage-loans/
Bank of Korea. "Annual average interest rate of new mortgage loans in South Korea from 2011 to 2020." Chart. May 27, 2021. Statista. Accessed June 26, 2022. https://www.statista.com/statistics/1119948/south-korea-average-interest-rate-new-mortgage-loans/
Bank of Korea. (2021). Annual average interest rate of new mortgage loans in South Korea from 2011 to 2020. Statista. Statista Inc.. Accessed: June 26, 2022. https://www.statista.com/statistics/1119948/south-korea-average-interest-rate-new-mortgage-loans/
Bank of Korea. "Annual Average Interest Rate of New Mortgage Loans in South Korea from 2011 to 2020." Statista, Statista Inc., 27 May 2021, https://www.statista.com/statistics/1119948/south-korea-average-interest-rate-new-mortgage-loans/
Bank of Korea, Annual average interest rate of new mortgage loans in South Korea from 2011 to 2020 Statista, https://www.statista.com/statistics/1119948/south-korea-average-interest-rate-new-mortgage-loans/ (last visited June 26, 2022)