Projected Mortgage Rates 2024 Uk. A period of rising mortgage rates could be on the cards amid concern that a cut in the bank of england base rate of. The latest forecasts are for uk interest rates to start to go down from august 2024, where financial markets are pricing in around 2 cuts to the uk interest rate from 5.25% at the.
While nobody can predict the future with absolute certainty, experts are largely predicting a plateau in mortgage rates in 2024. Interest rates on fixed mortgage deals are expected to fall over the coming weeks, despite the bank of england increasing the base rate to 4%.
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