Five major banks have announced interest rates for variable mortgages that will be applied in April, with four of them leaving the rates unchanged and one lowering them. The Bank of Japan raised interest rates for the first time in about 17 years, but this is because the amount of the increase was limited.
Floating mortgage interest rates are determined monthly by each bank based on the Bank of Japan's short-term interest rates, and the five major banks announced their applicable interest rates for April on the 29th.
According to this, in the most preferential cases,
Bank of Mitsubishi UFJ Bank will give you 0.345%
, Sumitomo Mitsui Banking Corporation will give you 0.475%
, Mizuho Bank will give you 0.375%
, and Resona Bank will give you 0.340%,
all of which will leave their current interest rates unchanged.
Additionally,
SuMi TRUST Bank will reduce its current rate of 0.405% to 0.330%.
Last week, the Bank of Japan lifted its negative interest rate policy and raised interest rates for the first time in approximately 17 years, but five banks said that the reason for leaving them unchanged or lowering them was that the Bank of Japan's increase in short-term interest rates was limited.
More than 70% of home loan users choose variable interest rates, and the Bank of Japan's monetary policy trends, which influence financial institutions' decisions on home loan interest rates, will continue to attract attention.