Mortgage rate will be unchanged until

The announces its next decision on interest rates on Thursday 1 February 2024.

Will it be an unchanged mortgage rate until 1st February 2024?

Comments

  • Hoenir
    Hoenir Posts: 1,270
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    BOE doesn't set the "mortgage" rate. Ultimately market forces do. 
  • born_again
    born_again Posts: 13,684
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    tracyyi said:
    The announces its next decision on interest rates on Thursday 1 February 2024.

    Will it be an unchanged mortgage rate until 1st February 2024?
    Guessing you are talking about BofE announcement on base rate. Then individual lenders set their own prices.
    So what each lender will do is anyone's guess.
    Life in the slow lane
  • ACG
    ACG Posts: 23,624
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    The bank of england base rate will not change until the next review. 
    Mortgage rates however probably will change between now and then. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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