All the major banks have announced the fixed interest rate levels for mortgages that will be applied in February.
Some major banks will raise interest rates, while others will either leave them unchanged or lower them, and responses are divided.
Long-term interest rates, which banks refer to when deciding fixed interest rates for housing loans, rose in December last year when the Bank of Japan revised its monetary easing measures, and then temporarily declined, but have been on an upward trend again since last week.
Under these circumstances, MUFG Bank will raise the interest rate for 10-year fixed mortgage loans by 0.1 percentage points to 1.15% per annum from February 1.
In addition, Resona Bank will raise the mortgage interest rate with the same conditions by 0.06 percentage points to 1.24% per annum.
On the other hand, Sumitomo Mitsui Banking Corporation and Mizuho Bank will maintain their annual interest rates at 1.14% and 1.4%, respectively, while Sumitomo Mitsui Trust Bank will reduce them by 0.04 percentage points to 1.35%.
In addition, all banks have decided to leave variable housing loan interest rates linked to short-term interest rates unchanged.