Will Mortgage Rates Go Down In 2024 Uk

Will Mortgage Rates Go Down In 2024 Uk. Mortgage rates unlikely to drop below 4% in 2024. The uk housing market is showing signs of picking up after the bank of england cut interest rates, according to the royal institution of chartered.

But we’re seeing signs of recovery. Uk mortgage interest rates can change quickly at the moment, depending on the current cost of swap rates, bank of england (boe) base rate announcements, and lenders’ discretion.