The majority of average fixes edged lower last week, Moneyfacts data shows. 

The average rate for a two-year fix fell 3 basis points to 5.32%, while the average rates for three-year and five-year fixes both slipped by 2 basis points to 5.05% and 5.02%, respectively. 

However, the average rate for a 10-year fix crept higher by 1 basis point to 5.00%. 

Two-year fixes 

The biggest falls in this term saw the 95% LTV average rate and the 60% LTV average rate both come down by 4 basis points to 5.85% and 4.90%, respectively. 

The 90% LTV average rate slipped by 3 basis points to 5.61%, while the 80% LTV average rate fell by the same amount to 5.35%. 

Three-year fixes 

The 65% LTV average rate tumbled by 14 basis points to 5.18%, while the 70% LTV average rate was 4 basis points lower at 5.19%. 

The 95% LTV average rate edged 3 basis points lower to 5.69%, while the 90% LTV average rate slipped by 1 basis point to 5.26%. 

Five-year fixes 

The 95% LTV average rate was 2 basis points lower at 5.25%, while the 90% LTV average rate fell 3 basis points to 5.22%. 

The 85% LTV average rate was down by 3 basis points to 5.00% and the 75% LTV average rate crept 2 basis points lower to 4.88%. 

10-year fixes 

The only change at this level saw the 75% LTV average rate lift by 1 basis point to 4.61%.