Will Refinance Rates Go Down In 2024 Uk. The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the borrowing squeeze is coming to. But with inflation now at 2%, the signs seem to be pointing to the bank of england reducing the bank rate in the second half of 2024.
Mortgage rates unlikely to drop below 4% in 2024. Itโs challenging to predict exactly when mortgage rates will start to fall, however, itโs predicted that rates will flatline throughout 2024 before they drop.
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