A recent article in the Antilliaans Daglblad addressed the high mortgage interest typically found in Aruba.
“Pearl white beaches, crystal clear sea, ice-cold beers, and high mortgage interest.” The first three are common references of Aruba, but not the last one – high mortgage interest. “A higher interest rate on governments are the reasons for the banks on the ABC islands.”
Read the details below, including information from Economist Randall Croes, director of Sagicor Life Aruba, “the average mortgage interest rate on government bonds has an influence on maturity asymmetry where the market supply and demand of money contribute to the level of the mortgage…”
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