2024 Interest Rate Predictions Uk . Mortgage interest rates forecast and predictions for tomorrow, next week, month, 2024, 2025 and 2026. Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing some mild relief to households and businesses struggling with higher mortgage costs and debt repayments.
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. Chris arcari, head of capital markets.
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What will happen to interest rates, mortgages and savings in 2024? , If inflation continues to stay low, industry insiders are optimistic that average mortgage rates could fall below 5% again in 2024.