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I <br /> Ipercent of the statewide MHI, the lending rate will be 10-percent above the standard rate. <br /> I For loans with maturities of 20 years or less, but more than 10 years, the rate may be reduced <br /> by one quarter of one percent below the 30-year rate for that category of lending. For loans with <br /> maturities of 10 years or less,the lending rate may be reduced by one half of one percent below the <br /> I30-year rate for that category. <br /> In November 1997,the Board changed the rate setting procedure to be based on the average yield for <br /> Ithe 30-year"A"Municipal Bond for the preceding 12 months. The Board adopted the following interest <br /> rates for standard loans recommended to the General Assembly in the respective years of the table. <br /> I <br /> I TABLE 11 <br /> CWCB 30-Year Lending Rates <br /> �';j/:. •�tiN.l •.•H. <br /> +y '.•T.•�••m:�� •.•�•••�••X;:;!y1:��{•�:;: ��:�'•`••••••••j�•�1•••.i:i{yy{i�{: �:1iY•�,Q••,��•�• h <br /> I }*jx <br /> Agricultural ..5.00% 4.00% 4.25% 3.75% 4.00% <br /> IMunicipal - Low 5.00% 4.00% 4.25% 3.75% 4.00% <br /> Municipal -Middle 5.00% 5.00% 5.25% 4.75% 5.00% <br /> Municipal -High 5.00% 5.50% 5.75% 5.25% 5.75% <br /> ICommercial 5.00% 5.50% 5.75% 5.25% 6.25% <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> ICWCB FY98 Annual Report,page 25 <br />