The average rate for both two- and three-year fixes grew 2 basis points, to 5.28% and 5.07% this week, Moneyfacts says.
Meanwhile, a 3 basis point rise saw the average rate for a five-year fix move to 5%, while the average rate for a 10-year fix increased by 5 basis points, to 5.02%.
Two-year fixes
The most significant shifts within this fix took place, at 75% LTV, where the average rate went up 5 basis points, to 5.15%, and at 50% LTV, where the average rate increased by 13 basis points, to 4.99%.
At 95% LTV, the average rate moved in the other direction, dropping a single basis point to finish the week at 5.94%.
Three-year fixes
At 65% LTV, the average rate increased by 7 basis points, to 5.12%.
And at 90% LTV, the average rate gained 5 basis points, coming to 5.29%. However, at 95% LTV, the average rate ticked down 2 basis points, to 5.82%.
Five-year fixes
At 50% LTV, the average rate climbed 5 basis points, coming to 5.19%. This category also saw a change at 95% LTV, but breaking rank with this week’s, trend, its average rate increased – by 4 basis points, to 5.32%.
And at 70% LTV, the average rate dropped 2 basis points, to 5.28%.
10-year fixes
The biggest drivers of the rate change at this fix occurred at 60% LTV and 75% LTV, where an 8 basis point increase apiece saw their average rates come to 5.11% and 4.68%, respectively.
