Ken James, director at Contractor Mortgage Services, stated: “The ebb and flow of the mortgage market continues to send mixed messages to the public. One day we are announcing rate increases, the next day we are announcing decreases. What's certain is that you cannot rest on your laurels, as this is a very fast-moving market. The rate cuts, albeit small, are very welcome. The message to all borrowers is don't sit on the fence, but get your deals secured just in case the next news announcement is a rate increase.”