Floating mortgage interest rates remain unchanged at 4 out of 5 major banks, lowered at 1 bank. Last week, the Bank of Japan lifted its negative interest rate policy and raised interest rates for the first time in approximately 17 years.
More than 70% of home loan users choose variable interest rates, and the Bank's monetary policy trends, which influence financial institutions' decisions on home loan interest rates will continue to attract attention. The interest rates are determined monthly by each bank based on the Bank. of Japan's short-term interest rates.