The Bank of Japan held off on a rate hike at its October policy meeting. However, depending on future interest-rate trends, mortgage repayment burdens could increase, and a scenario involving an acceleration in variable-rate increases is also envisaged.
The Bank of Japan held off on a rate hike at its Monetary Policy Meeting on 30 October. However, with dissenting votes, expectations of a further rate hike remain.
The decision to hold rates could affect housing loans. There are indications that variable mortgage rates could accelerate their rise in the future.
One example assumes that total interest on a housing loan would increase by approximately ¥15 million if interest rates rose by around 0.25–0.5%.