Interest rate of new mortgage loans South Korea 2014-2023

Published by
H. Yoo,
Jul 5, 2024

In 2023, the average interest rate for new mortgage loans in South Korea stood at 4.37 percent, a moderate increase from the previous year's 4.24 percent. The average interest rate for new mortgage loans in South Korea saw a nearly 1.5 percentage point increase from 2021 to 2022.

Annual average interest rate of new mortgage loans in South Korea from 2014 to 2023

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Release date

June 2024

Region

South Korea

Survey time period

2014 to 2023

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