Mortgage Rate Forecast Uk 2024. — house prices rose 1.7% in 2023, the halifax announced last week, underlining how positive the data has become since last summer, when declines of 5% looked likely to widen. Average 5 year fixed mortgage rate at 60% ltv was 4.19%.

Lenders cutting rates to compete. While the uk economy remains on an unstable footing, there are signs that the wider picture is beginning to settle.

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