Mortgage Rate Predictions 2024 Uk. These recent drops has been caused by major mortgage lenders like barclays, hsbc, halifax and. Regional variations in mortgage rate trends within the uk offer a nuanced understanding of how different areas are affected by economic fluctuations and policy changes.
There is concern mortgage rates could continue to rise in march, amid expectations that the base rate of interest may take longer to fall. After hitting a new high of 5.25%, uk interest rates are expected to fall sharply in the coming two years with rates possibly between 3.5% and 4% in 2024 before falling to between 3% and 3.5% in 2025.
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