□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) said on the 24th that this March it will make a  
    0.20%-point cut to the interest rates on ‘Bogeumjari Loans,’ its long-term, fixed-rate mortgage loans. With this
    cut that follows last month's 0.10%-point reduction, the interest rate of Bogeumjari Loans will reach its lowest
    level on record.
 
□ Accordingly, the annual interest rates for ‘u-Bogeumjari Loan,’ an HF mortgage loan available online at its
    webpage, and ’t-Plus Bogeumjari Loan,’ an HF offline mortgage loan available at commercial banks, will go
    down from the current level of 2.90% (10-yr term) - 3.15% (30-yr term) to 2.70% (10-yr term) - 2.95% (30-yr
    term). Also, ‘Akkim e-Bogeumjari Loan,’* which is another type of HF mortgage loan offered in partnership
    with KEB Hana Bank at an interest rate of 0.10% points lower than that of the regular Bogeumjari Loan thanks
    to its unique online loan agreement system, will be offered at an annual interest rate of 2.60% (10-yr term) -
    2.85% (30-yr term) after the cut.
 
 * Akkim e-Bogeumjari Loan is an HF mortgage loan that is taken out through online loan and security 
    agreements. This mortgage loan is now available at KEB Hana Bank.

□ An HF official said, “As the Korean treasury bond rate has shown a downward trend recently, HF has decided
    to slash its Bogeumjari Loan rates in response to the recent cut in the bond rate.” He added, “With our loan
    rates at their record low level of 2.60%, those who are interested in buying their first home or who already
    have a mortgage with a higher rate should consider our up to 30-year fixed-rate Bogeumjari Loans.”