In November 2024, the median interest rate on variable rate housing loans set by city banks in Japan stood at about 2.63 percent per annum. In October 2024, the rate had increased for the first time in over a decade. The short-term prime lending rate serves as a benchmark for adjustable rate home loan rates.
Median interest rate on variable rate housing loans in Japan from January 2019 to November 2024
as of the 1st of each month; values have been rounded
Supplementary notes
Median value of floating interest rates for housing loans provided by city banks (Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Resona Bank, and Saitama Resona Bank).
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Housing Finance Promotion Association. (October 10, 2024). Median interest rate on variable rate housing loans in Japan from January 2019 to November 2024 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1487986/japan-monthly-interest-rate-on-variable-rate-housing-loans-median/
Housing Finance Promotion Association. "Median interest rate on variable rate housing loans in Japan from January 2019 to November 2024." Chart. October 10, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1487986/japan-monthly-interest-rate-on-variable-rate-housing-loans-median/
Housing Finance Promotion Association. (2024). Median interest rate on variable rate housing loans in Japan from January 2019 to November 2024. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1487986/japan-monthly-interest-rate-on-variable-rate-housing-loans-median/
Housing Finance Promotion Association. "Median Interest Rate on Variable Rate Housing Loans in Japan from January 2019 to November 2024." Statista, Statista Inc., 10 Oct 2024, https://www.statista.com/statistics/1487986/japan-monthly-interest-rate-on-variable-rate-housing-loans-median/
Housing Finance Promotion Association, Median interest rate on variable rate housing loans in Japan from January 2019 to November 2024 Statista, https://www.statista.com/statistics/1487986/japan-monthly-interest-rate-on-variable-rate-housing-loans-median/ (last visited November 22, 2024)
Median interest rate on variable rate housing loans in Japan from January 2019 to November 2024 [Graph], Housing Finance Promotion Association, October 10, 2024. [Online]. Available: https://www.statista.com/statistics/1487986/japan-monthly-interest-rate-on-variable-rate-housing-loans-median/
