The average rate for a two-year fix rose 4 basis points to 2.37% this week, says Moneyfacts.

Meanwhile, the average rate for a three-year fix increased by 1 basis point to 2.34%, the average five-year fix price gained 4 basis points, moving to 2.66%, and the average rate for a 10-year fix went up too, this time to 2.99%.

Two-year fixes

At 95% LTV, the average rate fell 4 basis points, going from 3.12% to 3.08%.

Elsewhere within this fix prices rose, however. At 90% LTV, the average rate gained 5 basis points, ending the week at 2.55%, and, at 80% LTV, the average rate increased by 9 basis points to 2.41%.

Three-year fixes

As with the two-year fixes, there was a single rate drop with this fix this time around – namely, at 90% LTV, the average rate fell 2 basis points to 2.69%.

It was a different story at 95% LTV – here the rate ticked up by 3 basis points, to 3.21%, and at the other end, at 60% LTV, the average rate grew by 6 basis points, taking it to 1.86%.

Five-year fixes

The most significant changes here include the 95% LTV average rate shedding 2 basis points, finishing the week at 3.38%, and the average rate at 80% LTV increasing by 9 basis points, moving to 2.66%.

10-year fixes

There was only a single change large enough to register within the longer-term fixes, but nevertheless it was an eye-catching one. At 90% LTV, the average rate moved up by 7 basis points, giving 4.04%.

Moneyfacts finance expert Eleanor Williams says: “Re-pricing continues to be the prevalent theme as a variety of providers make updates which see the average fixed rates shift again this week.

“Amongst those applying increases were Lloyds Bank, where various fixed rate products for remortgage borrowers rose by up to 0.35%. At Skipton Building Society selected fixed rates were increased by up to 0.16% and a couple of two-year discounted variable rates saw rises of up to 0.30%. Virgin Money also increased selected fixed rates by up to 0.12%.

“Elsewhere, various lenders balanced a combination of rate rises and decreases in their amendments to their ranges, including Halifax, where some deals for those purchasing a home were either reduced by up to 0.20% or rose by up to 0.25%, while selected remortgage products were increased by up to 0.46%.

“Santander also made a mixture of changes, including increases of up to 0.15% on some products in the lower LTV brackets, and also reductions to other rates of up to 0.16% in 85%, 90% and 95% LTV tiers.

“Making some notable rate cuts of up to 0.42% was Barclays Mortgage, while West Brom Building Society also made reductions this week of up to 0.25%, and Digital Mortgages from Atom Bank also included rate cuts of up to 0.20% amongst other tweaks to their range.”