Mortgage Rates 2024 Forecast Uk. — 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. — mortgage rates are now past their recent peak.
— as inflation has declined faster than expected this year, the boe could start cutting the base rate in 2024 and possibly fall to 4% by the end of next year, according. — higher mortgage rates could be on the way as market expectations realign to the first base rate cut coming in august.
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