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Mortgage Loan Rates to Rise Tuesday

Written: 2017-10-16 18:45:25Updated: 2017-10-16 19:45:36

Mortgage Loan Rates to Rise Tuesday

The country’s mortgage rates are set to rise from Tuesday.

The Korea Federation of Banks said on Monday that the COFIX, a benchmark lending rate for mortgage loans, stood at one-point-52 percent for new loans for September, up by zero-point-05 percentage points from August.

It is the highest in nine months since posting one-point-56 percent in December.

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