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#1 von xuezhiqian123 , 22.11.2018 10:55

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SEOUL, Dec. 28 (Xinhua) -- Rates for mortgage loans among South Korean banks rose to the highest in 10 months amid the expected three rate hikes next year in the United States, central bank data showed on Wednesday.

Rates for home-backed loans offered by banks stood at an annualized rate of 3.04 percent in November, up 0.15 percentage points from the previous month, according to the Bank of Korea (BOK).

It was the highest since January, keeping an upward momentum for four months in a row after a rebound in 2.66 percent in July to 2.70 percent in August.

The rebound came amid rising expectations for the U.S. Federal Reserve to raise interest rates in December this year. The Fed indicated three rate increases in 2017, putting pressure on the BOK to lift its policy rate that sank to its all-time low of 1.25 percent.

Rates for all lendings to households advanced 0.12 percentage points over the month to 3.20 percent last month.

One percentage point increase in lending rates is estimated to raise debt-serving burden on households by about 9 trillion won (7.5 billion U.S. dollars) per year.

According to the BOK's financial stability report released on Tuesday, 1.46 million South Koreans are borrowers sensitive to higher lending rates for their low credit and low income. Their debts amounted to 78.6 trillion won.

Saudi Arabia's Health Ministry has confirmed 58 new cases of Middle East Respiratory Syndrome (MERS) in the country since the start of August Ahkello Witherspoon Womens Jersey , data on its website shows, the highest rise in recorded infections since February.

The 10 new cases it announced late on Tuesday represented the biggest daily jump in confirmed new infections in Saudi Arabia since May 2014, a month in which 210 people were recorded contracting the disease at the height of its biggest outbreak.

MERS Solomon Thomas Womens Jersey , first identified in 2012 and mostly found so far in Saudi Arabia despite outbreaks elsewhere, is a SARS-like disease that causes fever and coughing in some.

Although it does not pass easily between humans, the disease has a high mortality rate Fred Warner Womens Jersey , with 480 of the 1,115 people Saudi Arabia has confirmed as having caught MERS since 2012 dying from it.

Almost all the new cases of MERS confirmed over the past week have occurred in Riyadh, and included some health care workers.

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