Will Mortgage Rates Go Down In 2024 Uk

Will Mortgage Rates Go Down In 2024 Uk. House prices have been largely flat over the past 12 months (annual property price rises range from 1.1% to 1.6%) according to the latest. Finally, the bank of england cut interest rates on the 1st august for the first time since march 2020.

Mortgage rate changes in days before general election. Interest rates are now 5% after the bank of england’s monetary policy committee (mpc) voted to reduce the rate by 0.25 percentage points on 1.