Will Mortgage Interest Rates Drop In 2024 Uk. The bank of england governor has said interest rates are “now gradually on the way down” after holding borrowing costs at 5% in september 2024. Mortgage rates are going down and may drop further, experts believe.

Lower mortgage rates are sparking an uptick in the u.k. The bank of england governor has said interest rates are “now gradually on the way down” after holding borrowing costs at 5% in september 2024.