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Disclaimer: Financial institutions pay us for connecting them with customers, including by paying for advertisements, clicks, or when someone applies for/is approved for a product. Terms and conditions apply between you and the provider of the product - please be sure to review them. Prime Rate Advertising Disclosure. Building a good credit history; The Content last updated: March 2, 2022. The mortgage term is the length of time you commit to the terms, conditions and mortgage rate with a specific lender. CMB Online Banking y Mobile Banking App a upgrade e sistema pa login. For example, your variable rate might be set at Prime + 1.00%. Bank of Jamaica, the regulator of commercial and other banks, increased its base rate from 0.5 per cent to 5.0 per cent over eight months to curb double-digit inflation. 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