The average rates for two-, three-, and five-year fixes all moved up this week while the price for a 10-year fix dropped slightly.

The average rate for a two-year fix ticked up by 1 basis point to 2.44%, and the average rate for a three- and five-year fix went up 2 basis points apiece, to 2.49% and 2.71%, respectively.

Meanwhile, the average rate for a 10-year fix fell 2 basis points, to 2.90%.

Two-year fixes

The most significant change here took place at 60% LTV, where the average rate climbed 4 basis points to 1.82%.

At 85% LTV, the average rate shifted up by 1 basis point, to 2.48%.

Three-year fixes

There was a large movement at 70% LTV within this fix, where the average rate moved up 7 basis points to 2.39%.

And at 60% LTV, the average rate jumped 4 basis points, to 2.16%.

Elsewhere, rates moved up by 2 basis points, which included the average rate at 90% LTV ending the week at 2.73%.

Five-year fixes

There where rises of up to 2 basis points across most of this fix, except at 60% LTV, where the rate increased by 3 basis points to 2.06% and at 65% LTV, where the rate actually fell by 3 basis points, to 2.81%.

10-year fixes

Changes to the headline average rate of this fix were drive by changes at 95% LTV, where the rate fell 6 basis points, to 4.17%, at 75% LTV, where the rate fell again, by 4 basis points, to 2.46%, and finally, at 65% LTV, where a 1 basis point drop saw the average rate come to 2.01%.

Moneyfacts finance expert Eleanor Williams says: “A slightly more muted level of activity in the residential mortgage sector this week, with less provider updates than we have typically seen of late.

“One of the trends which has remained in evidence however is that of fixed rate increases: the NatWest Group included rises of up to 0.10% across a selection of fixed products, as did Furness Building Society, while Platform applied increases of up to 0.15% to various deals.

“Barclays Mortgage also put up a number of its fixed rates by up to 0.27%, while West Brom Building Society included increases of up to 0.35% across some of its products and Generation Home re-priced its fixed rate deals by as much as 0.60%.

“Other changes this week included a refresh of longer-term fixed rate products from Virgin Money, as well as the launch of new deals in this sector, which could well tempt borrowers looking to protect themselves from potential future rate rises.

“Elsewhere, Nationwide Building Society withdrew all products which carried a £1,499 fee, Leeds Building Society included a rate cut of 0.15% in its update this week and launched a couple of new deals, and Cambridge Building Society withdrew and replaced two-year discounted variable rates, as well as increasing its SVR by 0.15%.”