Expected Home Loan Interest Rates 2024 Uk. Interest rates are now 5% after the bank of england’s monetary policy committee (mpc) voted to reduce the rate by 0.25 percentage points on 1. At the moment, the key factor driving.
House price growth will remain muted and prices are expected to be 1.5% higher over 2024. In 2025 it is expecting interest rates to fall to 4pc, gradually coming down by 0.25 percentage points each quarter to hit 3.25pc by the end of 2025.