Korea Housing Finance Corporation Lowers Bogeumjari Loan Interest Rate by 0.1 Percentage Points in July

With Preferential Rates, Minimum Annual Interest of 2.95~3.25% Depending on Maturity

Korea Housing Finance Corporation (HF, President Choi Junwoo) announced on the 28th that it will lower the interest rates for the "Bogeumjari Loan," a long-term, fixed-rate, amortized mortgage loan, by 0.1 percentage points in July.

Accordingly, the annual interest rate for the "Akkim-e Bogeumjari Loan" will range from 3.95% (10 years) to 4.25% (50 years).

If additional preferential rates (up to 1.0 percentage point) are applied for low-income youth, newlywed households, socially disadvantaged groups (such as people with disabilities and single-parent families), and victims of Jeonse fraud, the lowest annual interest rate will range from 2.95% (10 years) to 3.25% (50 years).

Interest Rates for Bogumjaji Loan by Maturity.

An HF official explained, "We have lowered the Bogeumjari Loan interest rates to minimize the interest burden on ordinary and end users, reflecting the recent trend of declining Mortgage-Backed Securities (MBS) funding rates."