When Will Mortgage Rates Go Down 2024 Uk. The bank of england's monetary policy committee is next set to make a decision about whether to increase the base rate on 19 september 2024. The mortgage rate forecast for the remainder of 2024 is that mortgage rates are expected to nudge down further following the bank of england’s decision to cut the.
Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing relief to many households and businesses struggling with higher mortgage. 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.
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