Mortgage Interest Rates 2024 Uk. In december, bank of england governor andrew bailey said he expects bank rate will remain at its current level of 5.25% for some time, with no cuts for the. While this is a significant drop from its july 2023 peak of 6.86%, itโs still much higher than december 2021 when was 2.34%.
In may 2024, the average 2 year fixed rate is 4.74%. Mortgage rates are now past their recent peak.
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To compare mortgage deals and see what your interest rate and monthly payments could be, try using our online mortgage rate finder.
Find Out More In Our Guide To The Best Mortgage Rates.
What’s happening to savings rates?
The Current Interest Rates For Mortgages In Uk:
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What's Happening To Savings Rates?
In december, bank of england governor andrew bailey said he expects bank rate will remain at its current level of 5.25% for some time, with no cuts for the.
How Do Higher Interest Rates Affect Inflation?
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Find Out More In Our Guide To The Best Mortgage Rates.
