The average rate on a two-year fixed rate mortgage increased from 2.38 per cent to 2.41 per cent, shows data from Moneyfacts.

For a three-year fix, the average rate rose from 2.65 per cent to 2.74 per cent and, for a five-year fix, the average rate increased from 2.63 per cent to 2.65 per cent.

The average rate for a 10-year fix fell slightly this week, going from 2.76 per cent to 2.75 per cent.

Two-year fixes

There was surprisingly little movement where average rates are concerned within two-year fixes this week.

The biggest changes were at 90 per cent LTV and 85 per cent LTV, where rates grew by 0.08 per cent apiece – to 3.72 per cent and 3.02 per cent, respectively.

At 80 per cent LTV, meanwhile, the average rate increased from 2.59 per cent to 2.63 per cent.

Three-year fixes

There were significant changes within this fix.

The most eye-catching was at 80 per cent LTV, where the average rate grew 30 basis points – from 2.58 per cent to 2.88 per cent.

At 85 per cent LTV the average rate rose from 2.83 per cent to 2.92 per cent and, at 90 per cent LTV, from 3.39 per cent to 3.47 per cent.

Things moved in the other direction here this week, too. At 75 per cent LTV the average rate fell from 2.42 per cent to 2.38.

And at 65 per cent LTV, the average rate shed 5 basis points, dropping from 2.01 per cent to 1.96 per cent.

Five-year fixes

Here, the biggest change occurred at 90 per cent LTV, with the average rate growing from 3.89 per cent to 4 per cent.

At 80 per cent LTV the rate grew too – from 2.83 per cent to 2.90 per cent. Changes elsewhere were minimal, growing by 4 basis points at most.

10-year fixes

Despite the overall figure dropping, the largest rate changes within this fix were rises. At 85 per cent LTV the average rate rose from 3.21 per cent to 3.30 per cent and, at 80 per cent LTV, from 2.82 per cent to 2.87 per cent.

The average rate fell at 65 per cent LTV, moving from 2.48 per cent to 2.44 per cent.

Moneyfacts finance expert Eleanor Williams says: “The mortgage market remains fluid, with updates to ranges and criteria continuing with great regularity. A number of providers have made further rate increases this week, including NatWest, which put selected fixed rate deals up by up to 0.20 per cent, TSB, at up to 0.40 per cent, and both Halifax and Lloyds Bank, which applied rate rises of up to 0.61 per cent on selected products.

“Further selected product withdrawals this week have been seen from a number of providers, including Leeds Building Society, Vernon Building Society and West Brom Building Society, while Leek United Building Society has temporarily withdrawn its range.

“Other changes include the launch of new 80 per cent LTV deals from United Trust Bank, and Coventry Building Society brought out various new deals, including some available up to 85 per cent LTV.

“Accord Mortgages launched a limited edition 90 per cent LTV product for quick off the mark first-time buyers, which were on offer for one day only. With the sector remaining so changeable, the advice and support of a qualified advisor who is up to date on the latest products and updates from providers has likely never been more important.”