経済｜フラット35の金利が過去最高に / Economy | Flat 35 interest rates reach an all-time high.

Summary

According to data released by the Japan Housing Finance Agency, the interest rate for the long-term fixed-rate mortgage “Flat 35” in September has increased to 3.46%, marking the second consecutive month of rises.

This rate is the highest level since October 2017. Notably, the increase in the minimum interest rate, which applies to loans with a ratio of 90% or less and a repayment period between 21 and 35 years, has contributed to this rise. The background of increasing long-term interest rates is believed to affect future options for housing loans as well.

Dialogue

This dialogue is fictional and based on the article.

Chako: Hey Log, did you know that the Flat 35 interest rate is 3.46%? That’s really high, isn’t it?
Log: Yeah, I saw it in the news. So it’s gone up for two consecutive months. This is the highest it’s been since October 2017.
Chako: Why has it gone up so much?
Log: I think it’s because long-term interest rates are rising. It really affects people taking out home loans.
Navi: Just to add, the rise in interest rates also impacts the borrowing ratio for construction costs and purchase amounts of homes, so it could influence future loan choices.
Chako: I see! So, which is better, a fixed rate or a variable rate?

Admin’s Note

The rise in Flat 35 interest rates is significant news, especially for those considering purchasing a home. During the conversation between Chako and Log, questions arose regarding the options for interest rates, highlighting the need for careful consideration in choosing a mortgage from now on. It’s important to fully understand the advantages and disadvantages of fixed and variable interest rates. I want to continue monitoring interest rate trends in the future.