The average rate for a two-year fix across all LTVs ticked up by 1 basis point to 5.26% this week, shows Moneyfacts data.

This was the only average rate that changed, with the three-year fix price sticking at 5.05%, while the five- and 10-year average rates both stayed at 4.97%.

Two-year fixes

At 90% LTV, the average rate fell this week by 1 basis point, to 5.50%, while a bigger change took place at 65% LTV, which saw its average rate gain 8 basis points, to 5.18%.

Three-year fixes

There was a slight rise here at 90% LTV, where the average rate gained a single basis point to come to 5.24%.

And at 65% LTV, the average rate rose 15 basis points, to 5.05%.

Moving the other way, the price at 85% LTV dropped 4 basis points, landing at 5.15%.

Five-year fixes

It was a calm week within this fix, too. The average rate at 95% LTV losing one basis point, moving the rate to 5.28% and the average rate at 85% LTV increasing by one basis point, to 4.97%.

10-year fixes

There was just one change in the longer-term fixed category: The 90% LTV average price nudged down a single basis point, to 5.11%.

Moneyfacts finance expert Rachel Springall says: “The activity in the mortgage market was more subdued compared to the week prior, and fixed rate rises was the prominent movement – a stark contrast from the fixed rate reductions seen last week.

“As April draws to a close, it was mostly building societies tweaking their product ranges this week. Nottingham Building Society increased selected rates by up to 0.26%, Chelsea Building Society increased selected rates by up to 0.30%, Nationwide not only increased selected fixed by up to 0.25%, but also fixed and tracker rates for remortgage customers by up to 0.47%.

“Finally, Coventry Building Society, Yorkshire Building Society and Newcastle Building Society all increased selected fixed rates by up to 0.15%. Saffron Building Society however, moved to reduced selected fixed rates by a notable 0.50%.

“Outside of the mutuals, a couple of big brands made their own tweaks, Barclays Mortgage increased selected fixed rates by up to 0.35% and reduced selected rates by up to 0.47% and TSB reduced selected fixed rates by up to 0.25%.

“As the market will experience a couple of bank holiday weekends coming up, activity could be a contrast to the past couple of weeks. However, should swaps rise we may start to see more rate rises taking precedence over falls.”