Lenders slow down pace of rate cuts: Moneyfacts

By: ameer@trustedteam.com

The pace of mortgage rate cuts is low but continuing, the latest rate watch data from Moneyfacts reveals. Week-on-week, the average two-year fixed rate fell from 4.84% to 4.82% and the average five-year fixed rate fell by 1bps to 4.90%. Meanwhile, the Moneyfacts Average Mortgage…

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