In May, the International Monetary Fund (IMF) recommended that UK interest rates should fall to 3.5% by the end of 2025. The organisation, which advises its members on how to improve their economies, acknowledged that the Bank had to balance the risk of not cutting too quickly before inflation is under control.

Two-year mortgage deals are becoming increasingly competitive as rates continue to fall faster than longer-term deals.

After years of high mortgage rates that left countless would-be homeowners on the sidelines, the tide is finally turning in favor of those looking to enter the housing market. This week, the Federal Reserve slashed its benchmark rate by 50 basis points,

Key Takeaways The Fed cut interest rates yesterday, which may be welcome relief for homeowners hoping to refinance their mortgages and secure lower rates.The Fed does not directly impact mortgage rates,