In the banking industry, home loans increased by 4.2 trillion won in the first 11 days despite the increase in loan interest rates.

A banner related to home mortgage loans hangs on a bank in Seoul on the 16th 2024.7.16/News 1 Major commercial banks have raised interest rates on home mortgage loans one after another, but the total number of home loans in the former. 15 days of August 3 trillion won It seemed that it increased beyond that.

According to the banking industry on the 18th, the balance of household loans from the five major banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup) was calculated as 719.9725 trillion on the 14th. This is an increase of 4.2342 trillion won compared to the end of last month (715.7383 trillion won).

Home loan balances from major banks have been increasing by more than 5 trillion won every month since last April. Last month, it went up with a whopping 7.66 trillion won. If the current trend continues this month, the increase is expected to rise to the same level as last month.

In detail, mortgage loans increased by more than 3 trillion won, leading to an upward movement in house loans.

As of the 14th, the balance of mortgage loans from the five major banks was KRW 562.9908 trillion, an increase of KRW 3.2407 trillion from KRW 559.7501 trillion at the end of last month.

According to the financial authorities’ policy on managing home loans, the five main banks have increased or are planning to increase interest rates on home loans eight times this month, but it is unusual that the balance on home loans continues to increase. . Although fixed mortgage interest rates need to be lowered due to the potential for a prime rate cut in the second half of the year and a decline in market interest rates, banks are increasing interest rates on loan by changing the additional interest rate.

In fact, at the end of last month, the fixed mortgage interest rates of the five major banks were 3.03 to 5.75%, but since the 16th, the top and bottom had increased to 3.066 to 5.97%.

As a result, there seems to be a demand for last minute trips before the second phase of DSR stress is implemented next month.

A finance department official said, “We can see that the balance of home loans has increased before the implementation of the second phase of DSR stress next month. Since it takes time to implement the loan, balance can home loans to increase further by the middle of next month.”

In fact, the volume of apartment transactions in Seoul continues to grow. According to the Seoul Real Estate Information Plaza, as of the 16th, the number of apartment transactions in Seoul in July was 7,720. This is the highest transaction number since December 2020, when there were 7,745 transactions. Since last month’s reporting deadline is still there, the number is likely to rise further. Each month, it has been increasing for five consecutive months, including 2,653 cases in February, 4,400 cases in March, 4,598 cases in April, 5,099 cases in May, and 7,470 cases in June.

The balance of credit loans (including negative bank accounts) increased by almost 1 trillion won compared to the previous month. As of the 14th, the balance of credit loans from the five main banks was 103.5497 trillion won, an increase of 942.9 billion won compared to 102.6068 trillion won at the end of last month.

They may have opened negative accounts due to the rise in stock market volatility after the so-called ‘Black Monday’, but the deposits, which are reserve funds in the stock market, were at KRW 53.8159 trillion as of the 13th, a decrease from KRW 54.2994 trillion at the end of last month. Accordingly, there is an analysis that the shortfall was made up by issuing a credit loan even after obtaining the mortgage.

Financial authorities are considering applying additional lending rules to financial companies. Additional capital rules are expected to be imposed on financial companies. An official from the Financial Services Commission said, “We are reviewing a number of things internally,” and added that related measures are expected to be released soon.

(Seoul = News 1)