Mortgage Market Reference Rate (MMRR)


Mortgage Market Reference Rate: The Mortgage Market Reference Rate is an interest rate benchmark against which mortgages are to be priced and re-priced. It is computed by the Central Bank based on information on commercial banks' funding costs and yields on fifteen-year treasury bonds. The Mortgage Market Reference Rate is provided by the Central Bank on a quarterly basis on the first working day in the months of March, June, September and December.


Mortgage Market Reference Rate (MMRR) Series

Residential Real Estate Mortgage Market Guideline - Updated June 1, 2017

Summary of Results of Review of Residential Real Estate Mortgage Market Guideline - May 22, 2017


Banks with mortgage rates aligned to the MMRR 

The following banks have confirmed alignment of their mortgage rates to the MMRR consistent with the Guideline:

  • Bank of Baroda
  • CIBC FirstCaribbean International Bank
  • First Citizens
  • JMMB Trinidad and Tobago
  • RBC Royal Bank
  • Republic Bank Limited
  • Scotiabank Trinidad and Tobago Limited


MMRR Public Communications

2017         Public Announcement - Mar   Public Announcement - May   Guideline - June

2016         Mar   June   Sept   Dec

2015         Mar   June   Sept   Dec

2014         Mar   June  Sept    Dec

2013         Mar   June  Sept    Dec

2012         Mar   June  Sept    Dec

2011         Dec