Korea Housing Finance Corporation to Lower Bogeumjari Loan Rates by 0.2% points

as of February 1

- Minimum rate for u-Bogeumjari Loans to decrease from 4.0% to 3.8% starting from February 1

Korea Housing Finance Corporation (HF, CEO Seo Jong-dae) announced on January 25 that it would lower the interest rate for Bogeumjari Loans – HF's long-term, fixed-rate mortgage loans – taken out from February onwards.

The measure is meant to help non-homeowners achieve home ownership at a time when many households are struggling to cope with increased jeonse prices.

An HF official explained, "We were able to lower the Bogeumjari Loan rate, in order to promote housing stability for non-homeowners, through our own efforts such as diversifying financing channels and cutting costs", adding that HF would continue to work toward improving the housing welfare of ordinary people.