![](https://www.mnnofa.com/wp-content/uploads/2024/01/borrowers-pain-eased-as-lenders-cut-mortgage-rates.jpg)
Andrew Montlake, of mortgage broker Coreco, said: “How long [these cuts] continue remains to be seen, and whilst rates could still have some way to fall and the market will be more competitive once more, I suspect the pace of reductions to slow as the market finds a new normal to stabilise.”
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