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Will UK mortgage rates go down in 2024?

Mortgage rates have been falling thanks to positive inflation data and the belief that interest rates have peaked after the Bank of England (BoE) held the base rate for the third time in December. With some experts speculating that interest rates could be cut from March 2024, this is good news for homeowners.

Will UK mortgage rates go down in 2025?

On 21 March 2024, the Bank of England held the base rate at 5.25% for the fifth time in a row. Financial markets are currently predicting the first cut in interest rates will be in June 2024, falling to around 3% by the end of 2025, according to the latest forecasts from Capital Economics.