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)
Banks with mortgage rates aligned to the MMRR
ANSA BANk
RBC Royal Bank, Trinidad and Toabgo
JMMB Trinidad and Tobago
CIBC Caribbean Bank (Trinidad and Tobago) Limited
First Citizens Bank Limited