Mortgage Interest Rates 2024 Forecast Uk Government

Mortgage Interest Rates 2024 Forecast Uk Government. September 6, 2024 10:13 am (updated 10:14 am) house prices rose at the fastest annual pace since 2022 as lower mortgage costs fueled a rebound in the. With inflation rates hovering above the government's target, the prospect of interest rate cuts appears distant, further impacting the trajectory of mortgage rates.

If you’re looking to remortgage or buy your first home, a cheaper deal can make a big difference to your monthly finances. This positive shift comes after a year of price declines in 2023, with the estate agency revising its forecast from a 4% drop to a 3% rise in house prices for 2024.