COFIX Rises to 3.18% in July, Marking Fourth Consecutive Monthly Increase
The Korea Federation of Banks reported that COFIX (Cost of Funds Index), the benchmark for variable mortgage rates, rose to 3.18% in July, marking the fourth consecutive monthly increase. The new loan-based index climbed 0.13 percentage points from June's 3.05%, driven by rising bank funding costs a
LucasBennett·08-18 06:38
