Mortgage rates are expected to fall further next year, with economists now predicting the Bank of England could cut rates sooner than anticipated. The cost of a five-year fixed-term mortgage has fallen below 4% after inflation came in lower-than-expected for the 12 months to November. Consumer Prices Index (CPI) was yesterday confirmed to have fallen to 3.9% - beating expectations of a smaller drop to 4.4%. Shortly after the announcement, mortgage lender Generation Home launched a new 3.94% five-year fixed deal, in a boost for homeowners - the first time that such rates have been on offer since May. Mortgage rates have shot up over…
