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After holding interest rates in september, many are now wondering when the bank of england will next reduce rates. Following on from this, we. Mortgage rate predictions october 2024: If inflation continues to stay low and the economy doesn’t boom, industry. We look at what’s happening now and the longer term mortgage rate predictions to help you decide what to do with your mortgage. However, these predictions are higher than. What will happen to mortgage rates in 2025? By the start of 2024 the base rate is predicted to fall to nearly 4.55% before slowly falling to around 3.55% in 2029, as shown in the table below. Since last year, interest rate forecasts in the uk have gradually risen as the bank of england tries to curb inflation, leading to fears of higher mortgage rates and more pressure on homeowners’ budgets across the uk. Mortgage rates in the uk have fallen significantly in recent months but could mortgage rates be about to start rising again?
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