More than a dozen UK banks and building societies are set to reduce rates on fixed mortgage deals this week, reflecting market expectations that inflation is falling.
Brokers are not predicting dramatic price cuts, but this is the fourth consecutive week that lenders have dropped mortgage prices, after inflation fell to a 15-month low in June.
Swaps markets, on which mortgage prices are based, are now pricing in that UK interest rates will peak at close to 6% by the end of the year, having fully priced in a peak of 6.5% in early July.
