Korea Housing Finance Corporation (HF) said on the 24th it will raise rates on the long-term, fixed-rate, amortized mortgage loan "Bogeumjari Loan" by 0.25 percentage points starting on the 1st of next month. From May 11 for new applications, an additional 0.10 percentage points will be added for dwellings located in regulated area (speculative areas, overheated speculative districts, and areas subject to adjustment).
Accordingly, based on "Akkim-e Bogeumjari Loan," annual rates of 4.60% (10 years) to 4.90% (50 years) will apply. For low-income youth, newlyweds, socially vulnerable groups, and victims of jeonse fraud, a preferential rate of up to 1.0 percentage point will apply. If you complete your Bogeumjari Loan application by the 30th, you can receive the pre-hike rate.
A Korea Housing Finance Corporation (HF) official said, "As the upward trend in the issuance rates of mortgage-backed securities (MBS) continues, a gradual increase in Bogeumjari Loan rates is unavoidable, but we minimized the size of the hike," and added, "We will continue to work to ease the burden on end users."