A bank branch of Hana Bank in Seoul, Oct. 20, 2021 / Newsis
Banks' household mortgage loan rates fell in April, ending a six-month upward trend, amid tighter regulations aimed at stabilizing the housing market, data showed Friday.
The average interest rate on new bank loans stood at 4.2 percent last month, unchanged from a month earlier, according to the data from the Bank of Korea (BOK).
The average rate on corporate loans also stayed flat at 4.2 percent, while the rate on new household loans dropped 0.08 percentage point to 4.43 percent.
In particular, the average rate on household mortgage loans declined 0.03 percentage point, snapping a six-month rising streak that began in October last year.
