The average rate for a three- and five-year fix rose slightly this week, in marked contrast to the price drops that have dominated this article series for the last few weeks.

For a three-year fix, the average rate gained 3 basis points to 2.34% and the rate for a five-year fix gained 1 basis point to finish the week at 2.56%.

Meanwhile, the average rate for a two-year fix and a 10-year fix were static all week, staying at 2.25% and 2.99%, respectively.

Two-year fixes

At 95% LTV the average rate dropped 3 basis points, coming to 3.29% by Friday.

However, at 50% LTV, the average rate increased by 18 basis points, moving from 1.51% to 1.69%.

Three-year fixes

Here, the average rate at 95% LTV rose 2 basis points, to 3.32% as did the rate at 70% LTV, which moved to 1.99%.

At 60% LTV, the average rate increased by 7 basis points, coming to 1.59%.

Five-year fixes

The average rate at 95% LTV lost 2 basis points here this week, coming to 3.61%.

And at 50% LTV, the average rate gained 8 basis points, to 2.26%.

10-year fixes

There was just the one move of significant at this fix – at 65% LTV, the average rate moved up from 2.20% to 2.24%.

Moneyfacts finance expert Eleanor Williams says: “There has been a mixture of activity as various providers have refreshed and amended their product ranges this week.

“Re-pricing is still a prevalent theme and this week saw increases from a couple of providers, including Platform, which put selected product rates up by up to 0.29% and Coventry Building Society, which made rate rises across various fixed rates of up to 0.20%.

“There were also significant rate cuts made by lenders including Pepper Money, which slashed up to 0.70% from various products and Halifax, which made reductions of up to 0.35%, while also launching new fixed rates for remortgage borrowers at 90% LTV.

“Ipswich Building Society made reductions of up to 0.50% across selected fixed rates and applied cuts of up to 0.40% on a handful of its discounted variable rate deals, while Cumberland Building Society reduced selected two-year discounted variable rates by up to 0.55% and Yorkshire Building Society included the launch of a market-leading variable tracker rate of 0.78% in its update.

“Other changes of note included Nottingham Building Society updating its retirement interest-only fixed rates, while Kensington introduced new two- and five-year fixed rate products at 90% LTV for energy efficient homes.

“Scottish Building Society expanded a selection of its mortgage products to be available in England (postcode restrictions apply) and Lloyds Bank and Halifax introduced new fixed rates for new build house purchases via selected builders.”