The Bank of Tokyo-Mitsubishi UFJ and other major commercial banks said they will raise interest rates on some of their housing loans, effective Tuesday.
The changes focus on short-term fixed rates.
Tokyo-Mitsubishi UFJ will raise the rates on loans fixed for two years to 2.45 percent, up from 2.35 percent, and for three years to 2.8 percent, up from 2.7 percent.
Among other banks, Sumitomo Mitsui Banking Corp. will increase the rates to 2.8 percent from 2.7 percent for loans fixed for three years, to 3.3 percent from 3.25 percent for those fixed for five years and to 3.27 percent from 3.24 percent for 20 to 35 years.
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