Current Uk Mortgage Rates 2024 Chart. Demand was notably stronger in the final quarter of 2023 than the previous. Based on the various factors considered above, we expect five year fixed mortgage rates of between 4.25% and 4.75% for the better part of 2024.

According to statista’s latest data, the average mortgage rate was 4.7% as of january 2024. Uk mortgage interest rates can change quickly at the moment, depending on the current cost of swap rates, bank of england (boe) base rate announcements, and lenders’.