Mortgage Rates 2024 Forecast Uk

Mortgage Rates 2024 Forecast Uk. Uk lending for house purchases will fall by 8% in 2024, a trade association representing banks is predicting. Further increases to mortgage rates could be on the way in march amid predictions the first base rate cut will be delayed to later in 2024.

Under current forecasts, which would see mortgage rates fall below 4 per cent in the second half of this year, capital economics expects some mortgage holders due. Despite more financial pain entering the system, we forecast that uk prices will rise by 3% this year.