It has been a rollercoaster year in the mortgage world, with rates moving up and down with each new piece of economic data. The housing market has been bumpy, too. In September, prices recorded the first annual fall for a decade, according to official data, but lenders say demand has been growing in recent months. Anyone looking to buy a home soon will be wondering what 2024 has in store.
This week there have been reports that the government is working on a scheme to help first-time buyers, which could have an impact on how easy it is to borrow and on property prices.
