2024 Mortgage Interest Rate Forecast Uk. On 31st july 2024, the average mortgage rates according to rightmove are: Mortgage arrears are forecast to rise from 105,600 cases by the end of 2023 with arrears of over 2.5% of the outstanding balance, to 128,800 by the end of 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. If youโre looking to remortgage or buy your first home, a cheaper deal can make a big difference to your monthly finances.
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