Mortgage Rate 2024 Forecast Uk. Once bank rate starts to fall and the outlook for rates looks clearer, tracker rate deals are likely to fall in price and look more. Uk lending for house purchases will fall by 8% in 2024, a trade association representing banks is predicting.
Mortgage rates have been falling thanks to positive inflation data and the belief that interest rates have peaked after the bank of england (boe) held the base rate for the third. Mortgage rates could fall to 3.5 per cent by the end of the year in good news for homeowners, experts have predicted, following a series of reductions by major lenders.
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