Fixed mortgages rates have risen again after a brief fall, according to figures from a financial information website.

The average two-year homeowner mortgage rate on the market edged back up to 6.8% on Friday from 6.79% yesterday.

Five-year fixes have also risen back to 6.32%, up from down from 6.31% on Thursday.

On Wednesday, it emerged that inflation had slowed quicker than expected, giving a glimmer of hope for under-pressure mortgage borrowers.

The Office for National Statistics said the Consumer Prices Index fell to 7.9% last month, down from 8.7% in May.

The Bank of England uses base rate rises as a tool to subdue inflation.

The Bank is still expected to raise interest rates – currently at 5% – at its next meeting on August 3 as it battles to bring inflation back to its 2% goal.

But experts have said the bigger-than-expected fall in inflation could see the Bank’s policymakers opt for a smaller increase of 0.25 percentage points rather than another 0.5 percentage point rise.

Related posts:

‘Hammer blow’ as government advised to drop steel quotas Business secretary to keep energy price cap in place this winter BP-backed Pure Planet faces becoming latest casualty of energy crisis Activist fund Gatemore builds stake in furniture chain DFS Ted Baker shares surge as US private equity firm says it’s considering takeover bid Pendragon shareholder Hedin Group in £400m raid on car dealership giant HSBC executive Haire in surprise move to run the Skipton Petrol retailers accused of ‘rocket and feather’ pricing as unleaded hits new record Sale of collapsed energy company Bulb delayed over ‘very serious concerns’ ‘I felt I’d been burgled’: Woman says energy firm workers forced their way into her home to install meter Inflation, cyber crime and self-driving grocery delivery Gatwick Airport staff to strike at start of summer holidays