HF to disclose Bogeumjari loan interest rates from July 2010

- Rates to be announced on HF website on the first business day of every month -

On July 2, 2010, Housing & Finance (HF, CEO Joo-jae Lim) announced that interest rates for Bogeumjari mortgage loans will be disclosed beginning July 2010 for the convenience of borrowers. On the first business day of every month, HF will regularly post the interest rates on its website (www.hf.go.kr) and maintain the rate for that month unless there are major changes in the financial market. Thus, the annual Bogeumjari loan interest rate applicable for July 2010 is between 5.70% (10-year maturity) and 5.95% (30-year maturity), the same as the previous month. A discount of 0.2%p and 0.4%p is given for e-Bogeumjari and u-Bogeumjari loans, respectively.

The measure will greatly benefit borrowers as they will know when to expect changes in the Bogeumjari interest rates. In particular, HF expects a rising demand for interest-rate switch option loans because borrowers with these loans will be able to check the current published rates at the time of deciding whether or not to switch to a fixed rate.