Bank of Jamaica mortgage rates

Publication date: 5 August 2023 | Covering: July 2023 Monthly Briefing NHT landmark reforms effective July 1: J$7.5 million limit,…

With the BOJ rate reaching its tightening cycle peak of 7.00%, Jamaica’s housing market in July 2023 is navigating a summer of suppressed demand, construction cost pressures and a tourism boom that is complicating long-term rental affordability in resort communities.

Publication date: 5 July 2023 | Covering: June 2023 Monthly Briefing NHT landmark mortgage reforms effective July 1: J$7.5 million…

Publication date: 5 June 2023 | Covering: May 2023 Monthly Briefing BOJ overnight rate holds at 7.00 per cent; inflation…

Publication date: 5 May 2023 | Covering: April 2023 Monthly Briefing US Federal Reserve raises to 5.00–5.25 per cent on…

SVB’s collapse, Credit Suisse’s rescue and a rate cycle approaching its peak: Jamaica’s housing market in spring 2023 is navigating a global financial environment that has rarely been more turbulent — and a local affordability crisis that has rarely been more acute.

Publication date: 5 April 2023 | Covering: March 2023 Monthly Briefing NHT announces landmark July 1 reforms: individual limit to…

Publication date: 5 March 2023 | Covering: February 2023 Monthly Briefing US Federal Reserve steps down to 25bps hike on…

Publication date: 5 February 2023 | Covering: January 2023 Monthly Briefing BOJ overnight rate holds at 7.00 per cent; sustained…

Inflation above 10%, a war in Ukraine that sent commodity prices soaring, and a rate-tightening cycle that has fundamentally changed the mortgage mathematics: Jamaica’s housing market begins 2023 taking stock of a bruising year and looking for reasons to believe the worst is over.

Publication date: 5 January 2023 | Covering: December 2022 Monthly Briefing BOJ closes 2022 at 7.00 per cent; most restrictive…

Publication date: 5 December 2022 | Covering: November 2022 Monthly Briefing BOJ raises overnight rate to 7.00 per cent in…

Publication date: 5 November 2022 | Covering: October 2022 Monthly Briefing US Federal Reserve raises to 3.75–4.00 per cent on…

Rate hikes, commodity prices at multi-decade highs, and the UK’s mortgage market crisis as a cautionary tale: Jamaica’s housing market in October 2022 is bearing the full weight of a global inflation shock that has changed the economics of borrowing, building and buying.

Publication date: 5 October 2022 | Covering: September 2022 Monthly Briefing US Federal Reserve raises to 3.00–3.25 per cent on…