Mortgage Interest Rates 2024 Predictions Uk . At the time of writing, the average 2 year. Average 2 year fixed mortgage rate at 60% ltv was 4.15%;
The bank of england governor has said interest rates are “now gradually on the way down” after holding borrowing costs at 5% in september 2024. Base rate forecast to fall in may.
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Mortgage rates rise with positive economic news on horizon National , High mortgage rates and persistent inflation meant transactions fell by a fifth last year and average prices dropped by 5% in the year to september.