While the average rate for a two-year mortgage moved up 5 basis points, to 2.80%, every other fix increased by 3 basis points.
This took the average rate for a three-year fix to 2.79%, for a five-year fix to 2.97%, and for a 10-year fix to 2.90%.
At 80% LTV, the average rate moved up 7 basis points to 2.87%.
Other significant changes occurred at 65% LTV and 50% LTV, w. each average rate rose by 8 basis points, to 2.92% and 2.48%, respectively.
At 85% LTV, the average rate moved up by 8 basis points, ending the week at 2.75%. And at 90% LTV, the average rate ticked up 4 basis points, to 2.87%.
However, at 95% LTV, the average rate dropped 5 basis points, to 3.25%.
At 65% LTV, the average rate climbed 10 basis points, coming to 3.14% on Friday afternoon.
Meanwhile, at 95% LTV, first-time buyers were treated to a 1 basis point fall in the average rate, to 3.34%.
T. were two changes . this week – at 75% LTV, the average rate moved up 1 basis point, to 2.63%, while at 60% LTV, the average rate moved considerably more – an increase of 7 basis points took the average rate to 2.53%.
Moneyfacts finance expert Eleanor Williams says: “Following the Bank of England’s decision to raise base rate again yesterday we are already starting to process updates from providers in reaction to this latest increase. HSBC, first direct and Barclays Mortgage have increased variable tracker rates by 0.25%, while The Mortgage Lender has increased its revert rates in line as well.
“Continuing the recent trend, the level of choice available to prospective mortgage borrowers continued its downwards trajectory again this week as lenders are continuing to withdraw deals and revise their range of offerings. This week saw the NatWest group pull fixed rate deals with no fee (excluding Mortgage Guarantee scheme products) from their ranges and Skipton BS has withdrawn fixed rates mortgages with an end date of 2032. We have also seen various products withdrawals by many of the mutuals, including Coventry BS, Leeds BS, Newcastle BS and Leek United BS.
“Elsew., rate increases remain a predominant theme as many of the average rates continue to climb. Changes have included updates from Nationwide BS w. a selection of fixed rates were increased by up to 0.40%, Accord Mortgages raised its fixed rates by up to 0.30%, while Halifax has tweaked some of its house purchase products with uplifts of up to 0.28%.”