Following the rise in long-term interest rates, major banks are moving to raise mortgage rates starting next month.

The long-term interest rate, which banks use as a reference for determining mortgage interest rates, temporarily rose to 0.175%, the highest level in five years and one month, due to an increase in sales orders for government bonds on the 26th.

In response to this situation, Sumitomo Mitsui Trust Bank will raise the interest rate for the 10-year fixed mortgage loan, which will be applied from the 1st of next month, from the current 0.6% to 0.65%.

The interest rates on mortgages under the same conditions are changed from the current 0.65% to 0.7% for "Resona Bank", from the current 0.8% to 0.85% for "Mizuho Bank", and from 1.1% to 1.15 for "Sumitomo Mitsui Banking Corporation". Increase to% respectively.

On the other hand, each bank will keep interest rates on variable mortgages unchanged.

Some say that long-term interest rates will continue to rise for the foreseeable future, in which case the move to raise mortgage rates could spread further.