Five major banks to raise fixed mortgage interest rates in January, averaging over 2%

Mitsubishi UFJ Bank will increase its best 10-year fixed interest rate for January by 0.42% from the previous month to 2.68%, Sumitomo Mitsui Banking Corporation will increase it by 0.3% to 2.65%, Mizuho Bank will increase it by 0.25% to 2.55%, Sumitomo Mitsui Trust Bank will increase it by 0.19% to 2.845%, and Resona Bank will increase it by 0.28% to 2.945%. All five banks will keep the base interest rates for variable rate home loans, which are chosen by nearly 80% of home buyers, unchanged.