Mortgage Rates 2024 Forecast Uk Gov. Lower mortgage rates could be on the way after the return of inflation to its target boosted the chances of a summer cut. The bank rate in turn impacts the rates that lenders use to set mortgage rates.
In its fiscal forecast, published in november 2022, the obr predicted that the bank rate would rise from 1.6%. Rising interest rates means people looking to remortgage their homes will pay an average £2,900 a year more from 2024, a think tank has said.
Mortgage Rates 2024 Forecast Uk Gov Images References :