AHFC Offers Lower Interest Rates and 15-Year Terms ANCHORAGE, Thursday, October 16, 1997--Alaska Housing Finance Corporation (AHFC) has lowered interest rates for most of its programs by .125% and added the option of a 15-year term with even lower rates, effective October 14, 1997. "AHFC's strong credit rating, along with a favorable bond market, has provided us the opportunity to sell bonds at a very competitive rate," said Dan Fauske, CEO/Executive Director. "This in turn allows us to pass on these lower interest rates to Alaskans who qualify for our loan programs." For the first time, AHFC is also offering 15-year interest rates for most of its programs at rates .25%.375% below its 30-year rates. "We wanted to offer homebuyers an additional term that would provide even greater savings," said Fauske. Following are the various rates for each program: 30-Year 15-Y ear Program Rate Rate Rural Housing Owner-Occupied Program 6.750% 6.375% Rural Housing Non-Owner Occupied Program 8.250% 7.875% First-Time Homebuyer Program 6.500% 6.250% Veterans Mortgage Program 6.500% 6.250% Taxable Rate Program 7.750% 7.375% Non-Conforming Program 8.000% 7.625% Non-AHFC Refinance Program Rate 7.750% 7.375% AHFC is a self-supporting public corporation that provides special loan, rental, self- sufficiency, and energy programs for low- and moderate-income Alaskans, veterans, and rural Alaskans.