Last month, the Bank of England announced an increase of 0.25% to its Base Rate.

In June, the inflation rate dropped by 0.8% to 7.9%. Experts have seen mortgage rates begin to edge down marginally in the last few weeks or so in response to these better-than-expected inflation figures.*

With these more positive figures, experts do expect mortgage rates to continue to fall slowly over the next few weeks.

*Rightmove