Kingston, Jamaica — For years, mortgage rates in Jamaica have seemed stuck in a tough place: high enough to curb demand, yet not low enough to meaningfully expand access. As of 2025, many commercial banks are still offering home loans in the neighborhood of 8 %–10 % (depending on client risk, location, and term) while the Bank of Jamaica’s policy rate sits at 5.75 %.
The good news: there is potential for rate relief ahead. The bad news: a lot of things must go right for that to happen. In this article, we map out two divergent trajectories — a best-case path and a worst-case path — for mortgage interest rates in Jamaica from now until 2030. We overlay economic assumptions, risks, and tipping points so you can see where rates might land — and what that means for your home purchase or refinance strategy.
