With banks cutting the mortgage rate, the average rate at the country's four commercial banks stood at between 3.6 percent and 5.8 percent as of April 14, down 0.77 percentage point compared to a month ago.
A person walks past a banner promoting loans in front of a bank in Seoul on Sunday. With banks cutting the mortgage rate, the average rate at the country's four commercial banks — KB Kookmin, Shinhan, Woori and Hana — stood at between 3.6 percent and 5.8 percent as of April 14, down 0.77 percentage point compared to a month ago. [YONHAP]
![A person walks past a banner promoting loans in front of a bank in Seoul on Sunday. With banks cutting the mortgage rate, the average rate at the country's four commercial banks — KB Kookmin, Shinhan, Woori and Hana — stood at between 3.6 percent and 5.8 percent as of April 14, down 0.77 percentage point compared to a month ago. [YONHAP]](https://img2.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202304/16/koreajoongangdaily/20230416152033839ktum.jpg)