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Mortgage Interest Rates 2024 Forecast Uk
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Mortgage Interest Rates 2024 Forecast Uk. Uk lending for house purchases will fall by 8% in 2024, a trade association representing banks is predicting. Money markets were pricing in five cuts of.
The bank of england’s unsurprising response on thursday was to hold the bank rate at 5.25%. Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing relief to many households and businesses struggling with higher mortgage.
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