Mortgage Rates: The MPC of the Bank of England has reduced the Bank Rate to 4.75% in November, from 5% in September. This was the second cut of 2024, following an easing from 5.25% to 5% at the August meting, the first since March 2020. A rate cut was well anticipated since inflation sharply declined … Continue reading Mortgage Rates Drop as Bank Rate Hits 4.75%: Impact on Housing & Inflation