It comes as the Bank’s monetary policy committee is widely predicted to keep interest rates on hold at 5.25pc at midday on Thursday, despite inflation reaching the central bank’s 2pc target.
Money markets are instead pricing in a 35pc chance that policymakers will lower borrowing costs for the first time in four years in August.
Mortgage rates had been creeping up for several weeks as markets digested the fact that rate cuts would not be as soon as previously forecast.
That movement has plateaued in the past week, with the average two-year fix remaining steady at 5.97pc since last Wednesday.
Mark Harris, of mortgage broker SPF Private Clients, said pricing across the market is likely to remain flat during the election.
“Although swap rates were already falling before the publication of the latest inflation data, mortgage pricing is fairly flat with little movement up or down,” Mr Harris said.
“There is a sense that things are on hold until the election is out of the way.
“Following a somewhat challenging first half of the year, there are hopes that a post-election bounce will lead to a more promising autumn for the housing market.”
