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Household debt again at ‘highest ever’… In the third quarter of this year, mortgage loans surged by 17 trillion won.
[앵커]
Although the government took steps to tighten household loans, household debt has increased significantly again.
Despite high interest rates, it broke an all-time high in the third quarter of this year, with housing mortgage loans in particular increasing by more than 17 trillion won.
This is reporter Kang Eun-Na-rae.
[기자]
In the third quarter of this year, household debt balance increased by 14.3 trillion won, or 0.8%, from the previous quarter.
At 1,875.6 trillion won, it again reached an all-time high in just one year.
Among all household debts, the loan balance increased by 11.7 trillion won in the third quarter to 1759.1 trillion won.
Despite recent high interest rates, it has been home mortgage loans that have led the increase in lending.
With the recovery of the real estate economy, the balance of mortgage loans, including lease loans, surged by 17.3 trillion won, reaching an all-time high.
This was in contrast to the fact that other loans, including credit loans, decreased by 5.5 trillion won, continuing a decline for eight consecutive quarters.
Among household debts, sales credit, including installments from credit card companies, increased by 2.6 trillion won compared to the previous quarter due to increased demand for travel and leisure.
“Mortgage loans increased due to the recovery in housing transactions, and sales credit, which had previously been a factor in decline, turned to increase in three quarters.”
The Bank of Korea evaluated that “the current increase in household debt is not large compared to 2020-2021, which increased by an average of 30 trillion won per quarter,” and that “the increase compared to the same period last year is being managed at the low 0% level.” .
As the wait-and-see attitude in the housing market spreads due to rising interest rates, the size of household loans will gradually be affected, and the effects of the government’s policy to strengthen household loan management are expected to become visible over time.
This is Kang Eun-na-rae from Yonhap News TV. ([email protected])
#Household_Debt Household_Credit Balance
Yonhap News TV article inquiries and reports: KakaoTalk/Line jebo23
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