Mortgage Rates Coming Down In 2024

Mortgage Rates Coming Down In 2024. 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 an end. On 1 august 2024, the bank of england base rate fell to 5% from 5.25%.

Here we explore when rates could be cut again. Here’s a detailed breakdown of the current expectations.