5 Major Japan Banks to Raise Housing Loan Rates in September

By on August 31, 2023

Five major Japanese banks – MUFG Bank, Sumitomo Mitsui Banking Corp., Sumitomo Mitsui Trust Bank, Mizuho Bank and Resona Bank- said Thursday that they will raise their 10-year fixed housing loan rates for the second straight month in September in response to rising long-term government bond yields.

The banks will raise their most preferential rates for 10-year fixed housing loans by 0.1-0.2 percentage point.

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