Uk Interest Rates Prediction Forecast 2024. How to get a lower mortgage rate. The latest predictions indicate that the base rate will gradually fall over the next year from the current rate of 5% to around 4.25% by august 2025.

This statistical release contains average interest rates across deposit or loan accounts with uk banks and building societies, calculated using data on rates and. The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the.