The race to interest rate cuts has begun. What's next for mortgage prices?
The race to base rate cuts has well and truly begun. Indeed, this was largely signalled in interviews with the Bank of England’s Andrew Bailey after the MPC voted to hold rates for the fifth consecutive meeting.
However, the path to lower rates in 2024 thus far has not been as straightforward. January was a very positive month for the , with mortgage rates and activity levels close to those we saw were simply unwilling to wait any longer and were buoyed by a host of cutting rates, and those needing to re-finance and were able to secure lower mortgage rates than had been available pre-Christmas.
