Jamaica: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 7.44 percent as of October 2024, an increase compared to the previous value of 7.42 percent. Historically, the average for Jamaica from January 1996 to October 2024 is 13.11 percent. The minimum of 6.2 percent was recorded in October 2009, while the maximum of 34.71 percent was reached in May 1996.
Click on the following link to see the values of: Mortgage credit interest rate around the world.
Select indicator
Download data from our database
* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Jamaica
| Recent values | Jamaica: Mortgage credit interest rate, percent |
|---|---|
| 2024 Oct | 7.44 |
| 2024 Sep | 7.42 |
| 2024 Aug | 7.42 |
| 2024 Jul | 7.45 |
| 2024 Jun | 7.45 |
| 2024 May | 7.44 |
| 2024 Apr | 7.43 |
| 2024 Mar | 7.43 |
Download data from our database
Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 6.5 | 2023 | percent |
| Exchange rate regimes | 5 | 2022 | index points |
| USD exchange rate | 158.5374 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 1,830.50 | 6/2023 | billion |
| Consumer Price Index (CPI) | 140.5000 | 10/2024 | index points |
| Inflation, monthly | 0.00 | 10/2024 | percent |
| Inflation, annual | 4.93 | 10/2024 | percent |
| Private sector credit | 1,348.74 | 10/2024 | billion |
| Business credit | 667.75 | 10/2024 | billion |
| Household credit | 680.99 | 10/2024 | billion |
| Deposit interest rate | 7.29 | 10/2024 | percent |
| Business credit interest rate | 10.99 | 10/2024 | percent |
| Mortgage credit interest rate | 7.44 | 10/2024 | percent |