Mortgage Rate Projections 2024 Uk. The latest forecasts are for uk interest rates to start to go down from september 2024, where financial markets are pricing in around 2 cuts to the uk interest rate from 5.25%. While it’s not possible to make accurate uk mortgage rate predictions for the next 5 years, the office for budget responsibility has forecast that mortgage rates on average are.
Whether mortgage rates will go up or down in 2024 depends on a few things. How far mortgage rates could fall in 2024 after bank cuts interest rates to 5% lower rate comes as good news for homeowners, many of whom have been stuck on.