Mortgage Interest Rates 2024 Forecast Uk Chart

Mortgage Interest Rates 2024 Forecast Uk Chart. Lenders cutting rates to compete. The bank of england governor has said interest rates are “now gradually on the way down” after holding borrowing costs at 5% in september 2024.

Mortgage rates are going down and may drop further, experts believe. High mortgage rates and persistent inflation meant transactions fell by a fifth last year and average prices dropped by 5% in the year to september.