From Matthew Graham at Mortgage News Daily: Mortgage Rates Unchanged Despite Market Improvements
Mortgage rates were generally unchanged today, although a few lenders offered slight improvements. This stands in contrast to the noticeable improvements in underlying bond markets. As we discussed yesterday, Treasury yields are leading the charge toward lower rates, and while the bonds that underlie mortgages are definitely lagging that move, they’re improving nonetheless. But again, you wouldn’t really know it based on today’s rate sheets. [30YR FIXED – 4.5%]
emphasis added
Here is a table from Mortgage News Daily: