Mortgage Interest Rates 2024 Graph Uk. What will happen to mortgage rates in 2025? House prices rose 1.7% in 2023, the halifax announced last week, underlining how positive the data has become since last summer, when declines of 5% looked likely.
At the beginning of 2024, rates fell but have started to rise. With average mortgage interest rates falling from 5.43% in december 2022 to 4.73% in january 2024, uswitch analysis reveals the financial impact of rising rates.
Current Inflation Rate 2% Target:
See current mortgage rates and compare mortgage deals to find some of your best options.
The Driving Force Behind This.
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%.
Mortgage Interest Rates 2024 Graph Uk Images References :
Current Bank Rate 5.25% Next Due:
According to statista’s latest data, the average mortgage rate was 4.7% as of january 2024.
Should I Take A Tracker Or Fixed Rate Mortgage In 2024?
According to the latest forecasts by financial analysts, uk interest rates are expected to stay around the current level of 5.25% until summer 2024.
