According to the latest Rightmove figures, the average five-year fixed mortgage rate is 5.79 per cent, up from 3.89 per cent a year ago, but down from 5.86 per cent last week.
At 60 per cent LTV, the lowest two-year fixed rate was 5.85 per cent, with the average rate coming to 6.07 per cent.
For five-year fixed rates at the same LTV tier, the lowest rate was 5.22 per cent and the average rate was 5.42 per cent.
At 75 per cent LTV the lowest two-year fixed rate was 5.91 per cent and for five-year fixed rates the lowest rate was 5.24 per cent.
The average two-year fixed rate was 6.27 per cent and the average five-year fixed rate emerged at 5.64 per cent.
Within the 85 per cent LTV tier, the average two-year fixed rate was 6.45 per cent, with 5.82 per cent for a five-year fixed rate.
The lowest two-year fixed rate was 6.09 per cent and 5.37 per cent for five-year fixed rates.
The lowest two-year fixed rate at 90 per cent LTV was 6.25 per cent and 5.6 per cent for a five-year fixed rate.
At 95 per cent LTV the average rate for a two-year fixed deal was 6.66 per cent and 6.09 per cent for a five-year fixed rate.
The average monthly mortgage payment on a typical first-time buyer type property when taking out an average five-year fixed, 85 per cent LTV mortgage, was £1,204 per month, up from £992 per month a year ago but down from £1,226 last week
Rightmove’s mortgage expert Matt Smith said: “The positive direction for rates continues this week albeit a little more slowly, with five-year rates edging down slightly more than two-year equivalent products.
“Swap rates are broadly flat week-on-week in response to a range of economic indicators published last week, but we should get more sense of any impact in the coming days.”
He added: “We are likely to see a continued period of stability for home-movers at least for now, and while the market remains sensitive to any surprises, it appears that lenders will continue to price competitively where they can.”
