Posted 3/23/2024, 3:15:00 PM
Mortgage Rates Poised to Dip Below 4% as Economy Brightens
- Fixed mortgage rates expected to dip below 4% in coming weeks due to lower inflation and upbeat Bank of England outlook
- Experts predict lenders will trim rates in reaction to improving economic picture, helping borrowers
- Bank of England maintained 5.25% rate but no members voted for a hike, indicating rates may fall
- NatWest already cut some mortgage rates showing lender optimism; more small cuts likely in near term
- Sub-4% rates disappeared in February as rate cut expectations slowed, but positive data and forecasts suggest imminent return