Charles, Will Interest Rates Continue to Rise in 2022?

Since Charles took his mortgage out five years ago, interest rates have risen significantly in 2022. It is possible that his next product may come with a higher interest rate of which may then mean a higher monthly payment. The good news might be that we'd still then do expect interest rates to fall in the longer term and they'll probably settle around a new normal of possibly 1.75 in 2024, 2025 time. But it's tough making predictions at the moment, isn't it? Things are changing so fast.