interest rate

But the path of inflation going forward is unusually uncertain and Bank of England officials, who decide whether to raise or cut interest rates, are divided.

The impact for homeowners is that fixed mortgage rates have actually been creeping up, despite the latest interest rate cut.

However, the rate, which is closely monitored to determine interest rates, is now back above the Bank of England's 2% target.

A preelection survey from the Wall Street Journal found most economists believed inflation and interest rates would be higher under policies proposed by Trump than Vice President Kamala Harris.

Mortgage interest rates are another factor hammering affordability.