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                    [ArticleID] => 190653
                    [Title] => GMA orders government banks to cut rates on housing loans
                    [Summary] => President Arroyo has ordered state-owned  banks to cut their lending rates for low and medium cost housing by three percentage points to six percent, her spokesman said yesterday. 


"The President has ordered government financial institutions involved in the housing program to cap their interest rate at six percent for low and medium cost housing," Bunye said. 


The banks now charge nine percent annually, including service charges, for low-cost housing loans, he added. 


                    [DatePublished] => 2003-01-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
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NATIONAL HOME MORTGAGE FINANCE

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                    [ArticleID] => 190653
                    [Title] => GMA orders government banks to cut rates on housing loans
                    [Summary] => President Arroyo has ordered state-owned  banks to cut their lending rates for low and medium cost housing by three percentage points to six percent, her spokesman said yesterday. 


"The President has ordered government financial institutions involved in the housing program to cap their interest rate at six percent for low and medium cost housing," Bunye said. 


The banks now charge nine percent annually, including service charges, for low-cost housing loans, he added. 


                    [DatePublished] => 2003-01-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
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abtest

GMA orders government banks to cut rates on housing loans

January 7, 2003 - 12:00am

President Arroyo has ordered state-owned banks to cut their lending rates for low and medium cost housing by three percentage points to six percent, her spokesman said yesterday. "The President has ordered...

Banking