September 7, 2023
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.