Real estateInterest Rates For The Government’s Flat 35 Mortgages Fall For The First Time In Six Months

3 months ago562 min

The Japan Housing Finance Agency announced on February 2 the applicable interest rate for the “Flat 35” (purchase type of mortgage) that would be provided by the financial institution in March.

The interest rate for a borrowing period of 21 years or more (in which the buyer pays at least 10% down, with the financial institution financing the rest) now ranges from 1.240% (down 0.040% month-on-month) to 1.870% (down 0.070%). The most frequent rate offered by financial institutions (most common interest rate) was 1.240% per year (down 0.040%), down for the first time in six months.

If the borrowing period is 20 years or less (in which the buyer pays at least 10% down, with the financial institution financing the rest), the interest rate is 1.190% (down 0.040%) to 1.820% (down 0.070%), and the most frequent interest rate is 1.190% (down 0.040%), a drop for the first time in six months.

Mortgage interest rates are already close to 1%. Can they go any lower? Perhaps now is the time to buy…

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