Browsing: Mortgage Market

The NHT’s six-month mortgage moratorium for Hurricane Melissa-affected parishes is closing, with 36,000 accounts resuming payments and a final extension window open until 30 June.

From July 1, the NHT’s Advance Deposit Loan will allow contributors aged 35 and under to draw up to $2 million from their approved loan to cover a house deposit.

Jamaica’s mortgage market grew strongly in 2024, with 4,822 new commercial accounts opened and 82.9 billion dollars in new lending. But rates remain elevated and the gap between mortgage access and affordable supply endures. What do the numbers really tell us?