Mortgage Rates 2024 Uk . This follows inflation falling to the bank of england’s 2% target for the first time since 2021 in may, although it has since ticked up to 2.2%. Lower mortgage rates could be on the way after the return of inflation to its target boosted the chances of a summer cut in.
You can see from the data above, that fixed mortgage rates were very volatile over the past year, despite the base rate remaining at 5.25% between august. You can use our calculator if you’re:
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