Rate fix

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The Korea Housing Finance Corporation (HF) started switching floating rate mortgages to fixed-rate mortgages on Thursday. Annual interest rates can be fixed at a low of 3.7 percent according to a loaner's income and age. Submissions can be made either at HF or six major banks in Korea, including KB Kookmin, Woori, Shinhan and Hana. An employee takes calls at a customer service center for the mortgage project in Mapo District, western Seoul, on Thursday. [YONHAP]
The Korea Housing Finance Corporation (HF) started switching floating rate mortgages to fixed-rate mortgages on Thursday. Annual interest rates can be fixed at a low of 3.7 percent according to a loaner's income and age. Submissions can be made either at HF or six major banks in Korea, including KB Kookmin, Woori, Shinhan and Hana. An employee takes calls at a customer service center for the mortgage project in Mapo District, western Seoul, on Thursday.
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