GOOD NEWS! Borrowing money in Japan just got cheaper!! Again...
Here are Mizuho Banks Interest rates for Home Loans in March and the changes since January.
Floating: 2.675% -----> 2.475% (- 0.200%)
2-year fixed: 3.15% -----> 3.10% (- 0.05%)
3-year fixed: 3.35% -----> 3.30% (- 0.05%)
5-year fixed: 3.50% -----> 3.45% (- 0.05%)
7-year fixed: 3.55% -----> 3.50% (- 0.05%)
10-year fixed: 3.60% -----> 3.55% (- 0.05%)
15-year fixed: 4.00% -----> 3.95% (- 0.05%)
20-year fixed: 4.35% -----> 4.30% (- 0.05%)
*** These interest rates listed above aren't the actual applicable rates, please deduct an additional 1.0 to 1.4%. (FOR EX. the floating rate would be from 1.475% to as low as 1.075%) ***
Indeed, interest rates are dropping every month. Now the banks just need to get into lending mode!
Please inquire for more information on home loans and interest rates.
- Jason