The average rates for all fixes increased again this week.

The average rate for a two-year fix went up by 6 basis points, to 2.70% and the average rate for a three-year fix rose by 3 basis points, to 2.74%.

At the same time, the average rate for a five-year fix moved up by 3 basis points as well, to 2.91%, and the average rate for a 10-year fix shifted upwards by 1 basis point, to 2.88%.

Two-year fixes

At 90% LTV, the average rate gained 7 basis points, ending at 2.81% on Friday, while the average rate at 85% LTV moved up by 8 basis points, to 2.75%.

And at 60% LTV, the average rate increased by 13 basis points, to 2.15%.

Meanwhile, at 65% LTV, the average rate dropped by 19 basis points, to 2.80%.

Three-year fixes

The most significant change within this fix occurred at 60% LTV, where the average rate fell by 15 basis points, to 2.58%.

And despite the average rate at most LTV points gaining, at 90% LTV the average rate lost a single basis point, coming to 2.82% and, at 80% LTV, a 2 basis point drop saw the average rate move to 2.56%.

Five-year fixes

At 60% LTV, the average rate rose by 6 basis points, to 2.29%, while at 70% LTV, a 5 basis point move upwards left the average rate at 2.95%.

There were two movements in the opposite direction – at 95% LTV, the average rate dipped by 2 basis points, to 3.38%, and at 65% LTV, a 21 basis point fall saw its average rate move from 3.22% to 3.01%.

10-year fixes

Here, the biggest change took place at 60% LTV, where the average rate increased from 2.33% to 2.38%.

Moneyfacts finance expert Eleanor Williams says: “This week included the turn of the month and in the aftermath of February’s base rate rise we recorded swathes of providers increasing their standard variable rates. These included HSBC, first direct, Virgin Money and Yorkshire Bank and Clydesdale Bank, as well as a large number of the mutuals such as Bath Building Society, Principality Building Society and Buckinghamshire Building Society.

“Rate re-pricing remains the dominant theme and powered rises across the overall fixed rate averages again this week. Barclays included increases of up to 0.60% across its fixed rate offerings and also put up rates on a selection of variable tracker deals by up to 0.20%.

“Skipton Building Society also made rate rises of up to 0.60% across various fixed rate products as well as introducing a number of new deals with cashback incentives. Halifax increased selected rates for remortgage borrowers by up to 0.60%, while Lloyds Bank also increased various remortgage products by up to 0.55%.

“Other provider updates have included Santander withdrawing various remortgage fixed rates as well as re-pricing other products and removing the £250 cashback incentive on house purchase fixed rate deals. NatWest also removed of cashback incentives on selected deals and re-priced various fixed rates.

“Chelsea Building Society relaunched its residential mortgage range to the market and Coventry Building Society launched a variety of new deals including fixed rates, trackers and offset products, while Newcastle Building Society added a couple of new deals for self-employed applicants to its range. Additionally, Bath Building Society amended fees across various offerings.”