Moll Myrtia

Mortgage Interest Rates 2024 Forecast Uk. Us federal reserve chair jerome powell said last month that “the time has come” for rate cuts as inflation declines and the labour market eases. But is it better to grab one now or will mortgage rates continue to fall in 2024?

The mood turned more positive in the final quarter, as headline inflation fell quickly, and money markets priced in five rate cuts of 0.25% in 2024. Uk lending for house purchases will fall by 8% in 2024, a trade association representing banks is predicting.