Key Insights
The Bank of England's base rate is currently at 3.75%, with inflation expectations rising due to global events.
Mortgage rates have increased, with average 2-year fixed rates around 5.01% and 5-year fixed rates at 5.09%.
The housing market is experiencing a slowdown, with average house prices falling by 0.5% in March 2026.
AI Analysis
Mortgage rates are likely to remain elevated in the near term due to persistent inflationary pressures and global economic uncertainties. A potential ...
Market Outlook
Short-Term
In the short term, mortgage rates are expected to remain elevated, potentially dampening housing market activity and affecting affordability for new buyers and those looking to remortgage. The next Bank of England interest rate decision on 30 April 2026 will be a key catalyst to watch.
Long-Term
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