HF lowers Bogeumjari Loan rate by 0.1%p for July  

- With preferential discount, the rates range from 2.95 to 3.25% per maturity  

Korea Housing Finance Corporation (HF, CEO Choi Joon-Woo) stated on June 28 that it will adjust the annual interest rates down by 0.1% points for July on Bogeumjari Loan products, its long-term, fixed-rate, amortizing mortgage loans.

ㅇ Following the downward adjustment, Akkim e-Bogeumjari Loan’s annual interest rate will range from 3.95% (10-year maturity) to 4.25% (50-year maturity). 

ㅇ Additionally, a discount (up to 1.0 percentage points) can be applied to low-income youths, newlywed couples, or socially disadvantaged groups (such as households with disabilities or multicultural families). This adjustment results in final annual interest rates ranging from 2.95% (10-year maturity) to 3.25% (50-year maturity).

An HF official explained, “In response to the current trend of reduced Mortgage-Backed Securities (MBS) acquisition rates, we have cut the Bogeumjari Loan rates to alleviate the interest burden for low-income and real demand borrowers.”