Brook Myrtle

Mortgage Interest Rates 2024 Forecast Uk Nhs. After almost exactly a year at 5.25%, the bank of england cut interest rates in august. House prices are forecast to rise by 2.5% this year on the back of this month’s base rate cut if further reductions follow, according to savills.

There is hope that more mortgage rate cuts may be on the way after competition among lenders ramped up in july. According to the latest forecasts by financial analysts, uk interest rates are expected to stay around the current level of 5.25% until summer 2024.