In short, probably not that high. I cannot see higher than 1%sanfransicko wrote: ↑Wed Jul 31, 2024 4:26 am As someone who is probably 4 or 5 years out from a home purchase - how high are these interest rate increases expected to continue? Kind of a crystal ball question, but should I be expecting 2%, 3% or even higher 5 years down the line?
Interest rates for government bonds, and mortgage rates are closely tied.
Japan is heavily debt reliant, and all new debt will be serviced at this high rate.
Someone can do some cocktail math based on the amount of debt with floating rates, but I would guess there is a theoretical short/medium/long term ceiling.
Expectation are for the real estate market to cool slightly.