2024 Mortgage Interest Rate Forecast Uk
2024 Mortgage Interest Rate Forecast Uk. But the first interest rate cut could come as early as august. What will happen to mortgage rates in 2025?
Based on the various factors considered above, we expect five year fixed mortgage rates of between 4.25% and 4.75% for the better part of 2024. Mortgage rates rose sharply during 2022 and the first half of 2023, in response to the bank of england hiking the base rate of interest from 0.1% to 5.25% in a bid to.