Based on the amount of new treatment in February… Balance-based co-fix is also 0.04%p↓
Cofix (COFIX, financing cost index), which is the standard for the variable rate of banking mortgage loans, has slightly lowered.
According to the Federation of Banks on the 15th, the co-fix for February’s new handling amount was 0.83%, down 0.03 percentage points (p) from January (0.86%).
It has been down for two consecutive months since last December (0.90%).
Commercial banks will reflect the level of the February Cofix rate, which was disclosed on the day, in the new mortgage loan variable rate starting on the 16th.
COPIX is a weighted average interest rate of funds raised by eight domestic banks, reflecting changes in interest rates of received products such as deposits and savings accounts and bank bonds actually handled by banks.
If the co-fix falls, it means that the bank can secure money with less interest, and if the co-fix rises, the opposite is the case.
The balance-based co-fix also decreased by 0.04 percentage points from 1.13% in January to 1.09% in February.
Co-fix based on the amount of new treatment and balance reflects the interest rates of the receiving products of term deposits, periodic deposits, mutual installments, housing installments, transferable deposit certificates, sale of bonds subject to redemption, sale of cover notes, and financial bonds (excluding subordinated bonds and convertible bonds).
The’new balance-based co-fix’, which was newly introduced from June 2019, was 0.87%, down 0.03 percentage points from January (0.90%).
In addition, the new balance-based co-fix includes interest rates such as other deposits, other borrowings and settlement funds.
/yunhap news
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution