Mortgage Rates 2024 And 2024 Uk. Uk mortgage rate forecast for may 2024 a period of rising mortgage rates could be on the cards amid concern that a cut in the bank of england base rate of. Data released by the office for national statistics showed that across the uk, house prices increased by an estimated 2.2 per cent in the 12 months to july to.
The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the borrowing squeeze is coming to an end. Mortgage rates are going down and may drop further, experts believe.