• Kyodo

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Three major banks are considering hiking their housing loan rates more in July as record-low long-term interest rates continue to edge up, sources said.

Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank and Sumitomo Mitsui Banking Corp. are likely to raise their 10-year fixed-rate mortgages by 0.05 to 0.10 percentage point from the current 1.6 percent, the sources said.

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