Korea Housing Finance Corporation Holds August Mortgage Rates at 4.90%-5.20%

According to Korea Housing Finance Corporation, on August 5, the corporation froze its August mortgage loan rates under the "Bogeumjari-ron" program at 4.90% (10-year) to 5.20% (50-year). Low-income youth, newlyweds, socially disadvantaged groups including people with disabilities and single-parent families, and victims of jeonse fraud receive an additional preferential rate reduction of up to 1 percentage point, allowing them to access rates as low as 3.90% (10-year) to 4.20% (50-year).
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