Mortgage Rates 2024 Forecast Uk. There is a possibility of a slight increase to 5.5% if inflation remains high. How much will mortgage rate hikes affect the uk housing market?
Uk lending for house purchases will fall by 8% in 2024, a trade association representing banks is predicting. While itโs not possible to make accurate uk mortgage rate predictions for the next 5 years, the office for budget responsibility has forecast that mortgage rates on average are expected to.
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