While fixed-rate mortgage cuts remain a common choice among lenders this week, momentum cooled down a bit the previous week, as Moneyfacts spokesman Caitlyn Eastell observes.
Each week, the cuts pushed the average 2- and 5-year fixed interest rates up slightly lower by 5.10% and 5.07%, respectively. 
Key brands that cut their selected fixed rates this week included TSB at 0.10%, Lloyd's Bank at up to 0.09%, Halifax at up to 0.09%, Barclays' mortgages at up to 0.49%, Santander at up to 0.19%, and HSBC at up to 0.21%. However, Lloyd's Banks and Halifax also moved to raise rates by up to 0.14%.
This week, the Architectural Society has held several times this week, including Yorkshire Building Society up to 0.44%, West Brom Building Society up to 0.23%, Public Building Society 0.01%, Public Building Society up to 0.11%, Up to 0.11%, Up to 0.11%, Up to 0.24%, Newcastle Building Society up to 0.40%, 0.15%, and Yorkshire Building Society up to 0.44%, West Brom Building Society up to 0.44%, and Western Brom Building Society up to 0.44%.
Several non-natural lenders have reduced rates for mortgage lenders and other loan lenders by up to 0.35%, Bluestone mortgage, up to 0.25%, and Atom Bank by up to 0.15%.
However, there was also a rise in the rate. National Building Society is up to 0.25%, Leeds is 0.10%, Yorkshire Building Society is up to 0.10%, Public Building Society is up to 0.12%, Leeds is up to 0.10%, Leeds is up to 0.10%, Loughborough Building Society is up to 0.30%, and Society is up to 0.20%.
According to Eastell, one eye-catching deal to compete in the market this week is a two-year fixed-rate deal from HSBC, priced at 4.81%, with a 95% loan and value for home buyers.
“It includes a free valuation and £500 cashback, and the product charges added to that appeal also make this an ideal option for borrowers with low deposits, and we want to save on mortgage advance costs.”
Commenting on the current market, she added: “The continuing trend towards interest rate reductions this week is promising and could please both existing and future borrowers.
“However, with inflation reaching its highest level in more than a year, the Bank of England is to take control of inflation and bring it closer to its 2% target, with further base rate cuts.”
