Interest Rates Uk Forecast 2024. Last updated 31 july 2024. While it’s not possible to make accurate uk mortgage rate predictions for the next 5 years, the office for budget responsibility has forecast that mortgage rates on average are expected to rise from a low of 2% in 2021 to a peak of 5% in 2027 across all properties.
Markets are expecting interest rates to fall to 5pc by may, 4.75pc in june, 4.5pc in august and 4pc in november. Maximum and minimum projected mortgage rates in uk.