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Japan banks raise preferential variable mortgage rates by up to 0.62 points

  • Japan’s five major banks announced the mortgage rates applying in October.
  • Mizuho, Resona and Sumitomo Mitsui Trust will raise preferential rates by 0.25–0.62 points.
  • Variable-rate mortgages are used by the majority of borrowers, the announcement said.

Japan’s five major banks announced their mortgage rates for October on the 30th. Among variable-rate loans, used by the majority of borrowers, Mizuho Bank, Resona Bank and Sumitomo Mitsui Trust Bank will raise their most preferential rates by between 0.25 and 0.62 percentage points.

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Japan banks raise preferential variable mortgage rates by up to 0.62 points - CoinPost Terminal