Interest Forecast For 2024. Savings rates remained high in 2023, but is will that trend continue in 2024? While rates might be roughly in line with current levels at the start of next year, give or take a little, some.
The bank of england will next meet on 1st august 2024 to decide what level interest rates should be set at. There’s been a dramatic change to the latest forecasts, with uk interest rates now predicted to fall from 5.25% to around 4.75% by the end of 2024 with the first rate cut.
Warren Hogan Has Been Named The Afr’s Best Economic Forecaster For 2023, After Being The Only Economist Out Of 29 To Accurately Predict Five Rate Rises Last Year.
Yet two rate cuts are viewed as most likely, according to this implicit.
Get The Latest Mortgage Interest Rate Forecast For July To See How Current Rates May Affect Your Homebuying Or Refinance Decisions.
Here’s a look at what could happen with savings rates this year.
Interest Forecast For 2024 Images References :
Savings Rates Remained High In 2023, But Is Will That Trend Continue In 2024?
Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%.
The Mortgage Bankers Association Forecasts A Similar Outlook For The End Of 2024, Projecting Rates To Slide To 6.1 Percent.
Yet two rate cuts are viewed as most likely, according to this implicit.