Against the backdrop of a rise in long-term interest rates, three major banks have increased their 10-year fixed interest rates for housing loans starting from February.
The most favorable rate for a 10-year fixed interest loan has been raised by Sumitomo Mitsui Banking Corporation by 0.05%, reaching 1.14%.
Similarly, Mizuho Bank has increased rates by 0.1% to 1.45%, and Resona Bank has raised their rate by 0.14% to 1.66%.
Conversely, Mitsubishi UFJ Bank has decreased their rate by 0.16% compared to the previous month.
For variable-rate housing loans linked to short-term interest rates, all banks have kept their rates unchanged.
For Flat 35 loans with a financing rate of less than 90% and a borrowing period of 21 years or more, the interest rates range from 1.820% (a decrease of 0.050% from the previous month) to 3.470% (an increase of 0.100%).
The most frequently offered interest rate by Flat 35 affiliated banks is 1.820% (a decrease of 0.050%), marking the third consecutive monthly decline.
For loans with a financing rate of less than 90% and a borrowing period of 20 years or less, the interest rates range from 1.340% (a decrease of 0.050%) to 2.990% (an increase of 0.100%).
The most frequently offered interest rate is 1.340% (a decrease of 0.050%), experiencing a decline for the third consecutive month.
Sources:
R.E. Port News (Japanese only)
Yahoo News Japan (Japanese only)
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