Menu

US, South Korea extend nuclear agreement for 2 years, defer decision on reprocessing fuel

The U.S. and South Korea are extending for two years their current civilian nuclear agreement and postponing a contentious decision on whether Seoul will be allowed to reprocess spent fuel as it seeks to expand its atomic energy industry.

Wednesday's announcement is a setback to South Korea's new leader, Park Geun-hye (goon-hay), who had made revision of the 38-year-old treaty one of her top election pledges, but it alleviates a potential disagreement between the allies when Park visits Washington in two weeks to meet with President Barack Obama.

State Department spokesman Patrick Ventrell says the extension will provide more time for the two governments to complete the complex negotiations on a revised agreement that will recommence in June.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.20% dw 4.30%  
15 Y Fixed Graph 3.28% dw 3.30%  
30 Y Fixed Jumbo Graph 4.72% up 4.60%  
5/1 ARM Graph 3.53% up 3.34%  
5/1 Jumbo ARM Graph 3.64% up 3.58%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% -- 4.38%  
$50K HELOC Graph 4.11% -- 4.11%  
$30K Loan Graph 4.98% dw 4.99%  
$50K Loan Graph 4.39% dw 4.40%  
$75K Loan Graph 4.39% dw 4.40%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.90% -- 2.90%  
36 M Used Graph 3.41% up 3.40%  
48 M New Graph 3.16% -- 3.16%  
48 M Used Graph 2.91% up 2.90%  
60 M New Graph 3.16% dw 3.17%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% -- 0.35%  
1 yr Graph 0.67% -- 0.67%  
5 yr Graph 1.38% -- 1.38%