□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) said on the 26th that this February it will make a
    0.10%-point cut to the interest rates on ‘Bogeumjari Loans,’ its long-term, fixed-rate mortgage loans. This rate
    cut follows the 0.15%-point rate reduction in November last year.
 
□ With the cut, the annual interest rate on ‘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
    decrease from the current level of 3.00% (10-yr term) - 3.25% (30-yr term) to 2.90% (10-yr term) - 3.15% (30-
    yr term). Also, ‘Akkim e-Bogeumjari Loan,’* which is another type of HF mortgage loan offered in partnership 
    with Hana Bank at an interest rate 0.10% points lower than that of the regular Bogeumjari Loan thanks to its
    unique online loan agreement system, will be offered at the annual interest rate of 2.80% (10-yr term) - 3.05%
    (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 Hana Bank.
 
□ An HF official said, “In order to relieve the burden on home buyers, we have decided to slash our Bogeumjari
    Loan rates in response to the recent reduction in market rates.” He added, “With our loan rates as low as
    2.80%, 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, taking possible rate hikes into account.”