2024 Mortgage Interest Rate Prediction Uk. Lower mortgage rates could be on the way after the return of inflation to its target boosted the chances of a summer cut. House prices have been largely flat over the past 12 months (annual property price rises range from 1.1% to 1.6%) according to the latest data from.

Inflation key to mortgage rate direction While the uk economy remains on an unstable footing, there are signs that the wider picture is beginning to settle.