Home loan interest rates to increase in January
![](https://japanpropertycentral.com/wp-content/uploads/2022/12/Bank-of-Japan-Tokyo-1024x768.jpg)
As anticipated, banks have increased the rates on 10-year fixed-rate mortgages this month. This is in response to the Bank of Japan expanding the trade band for 10-year government bond yields to a range of -0.5% and 0.5%.
Regional bank to offer 50-year home loans
![](https://japanpropertycentral.com/wp-content/uploads/2020/10/Setagaya-Tokyo-1024x309.jpg)
The Miyazaki Bank, a regional bank headquartered in Miyazaki City, is now offering home loans with a 50-year term. This is an attempt to keep monthly repayments affordable as construction and home prices continue to rise.
Three banks to increase mortgage rates this month
![](https://japanpropertycentral.com/wp-content/uploads/2020/10/Setagaya-Tokyo-1024x309.jpg)
Three of Japan’s five top mega-banks plan to increase home loan interest rates this month, while two will reduce rates.
Japan’s 5 megabanks to reduce interest rates this month
![](https://japanpropertycentral.com/wp-content/uploads/2022/07/Nihonbashi-1024x468.jpg)
On July 29, Japan’s five megabanks released their home loan interest rates for the month of August. With the long-term interest rate kept within limits, all five banks will be reducing the base rate on 10-year fixed-rate mortgages.
Home loan interest rates lowered this month
![](https://japanpropertycentral.com/wp-content/uploads/2022/06/Kichijoji-Apartment-1024x598.jpg)
Four of Japan’s five mega-banks have reduced the premium interest rate on new home loans offered in June. The rate reductions apply to 10-year fixed rate mortgages.
Fixed interest rates reach to reach highest level in 8 years
![](https://japanpropertycentral.com/wp-content/uploads/2022/04/Tokyo-Apartments-1024x666.jpg)
Five of Japan’s mega-banks announced plans to increase the premium interest rate on new home loans with a 10-year fixed rate. These rates will apply to new loans issued in May. Floating interest rates will not change.
Home loan tax deduction may be reduced in 2022
![](https://japanpropertycentral.com/wp-content/uploads/2021/11/Kamakura-1024x455.jpg)
The cash loophole from the 1% home loan income tax deduction is about to be closed as the government looks to revise the percentage down next year.