Kingston, Jamaica — 19 March 2026
Mortgage rates in Jamaica have remained largely unchanged between March 2025 and early 2026, offering stability for prospective homebuyers but little immediate relief in borrowing costs, according to central bank trends and lender data.
The average mortgage rate has held close to 7.5 per cent over the past year, while most borrowers continue to face actual lending rates closer to 9 to 12 per cent, depending on income, credit profile, and deposit size. The Bank of Jamaica’s recent policy rate cut to 5.5 per cent in early 2026 has yet to translate into lower mortgage pricing across the commercial banking sector.
For buyers, the result is a market that is steady—but still demanding.
