The battle for market share in the local mortgage industry is heating up.
Jamaica National Building Society (JNBS) has introduced a special offer on its residential mortgage product, with a rate of 9.4 percent.
The offer runs until April 30, and is open to all applications for residential loans received up to that date, including loans already in the pipeline.
Jamaica National's offer comes just days after National Commercial Bank announced that it had entered the mortgage market.
The bank on Monday said it will start offering mortgages for as low as 9 point 5 percent.
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