Mortgage Rates 2024 Prediction Uk Today. The bank's new deputy governor has offered us some clues to which way they might go. 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.

On 31st july 2024, the average 2 year fixed mortgage rate was 4.59%. Lower mortgage rates could be on the way after the return of inflation to its target boosted the chances of a summer cut in.