Tokyo Real Estate

GOOD NEWS! Borrowing money in Japan just got cheaper!! Again...

Here are Mizuho Banks Interest rates for Home Loans in December and January and the changes.

Floating: 2.675% -----> NO CHANGE (- 0.000%)
2-year fixed: 3.150% -----> NO CHANGE (- 0.000%)
3-year fixed: 3.400% -----> 3.350% (- 0.050%)
5-year fixed: 3.550% -----> 3.500% (- 0.050%)
7-year fixed: 3.650% -----> 3.550% (- 0.100%)
10-year fixed: 3.700% -----> 3.600% (- 0.100%)
15-year fixed: 4.100% -----> 4.000% (- 0.100%)
20-year fixed: 4.450% -----> 4.350% (- 0.100%)

*** These interest rates listed above aren't the actual applicable rates, please deduct an additional 1.0 to 1.5%. (FOR EX. the floating rate would be from 1.675% to as low as 1.175%) ***

One thing is for sure: It is a lot cheaper to purchase and borrow money now than it was over the last several years. Hopefully the commercial banks will start getting more aggressive with the interest rate drops as Bank of Japan has been. I know it is wishful thinking...

Please inquire for more information on home loans and interest rates.
- Jason

Starting edits and revisions from the beginning of December, to loading photos and doing some translations in early January, the renewed, more colorful web site:

http://www.century21-tokyo.com

has now re-opened.

My main goal was to re-write some of the information so it would be easier to understand, add more color and photos and include some more resourceful information. I also added a function, a Bulletin Board System where anyone is able to start threads and comment for more interaction. At this point, I do not know how much it will be used but I thought it would allow for more options for everyone.

I always appreciate any criticism!

- Jason