Mortgage Rates Uk Predictions 2024. Mortgage rates dropped in the second half of 2023, as inflation plummeted and the bank of england stopped hiking base rate. 25 months of £923.34 at 4.39% (fixed), then 275 months of £1,321.69 at 8.49% (variable).
What will mortgage rates be like in 2024? “fixed rate mortgages are based upon further market.