After moving back up to the highest levels in more than 4 years yesterday, mortgage rates fell slightly today.  Pessimists/realists would rightfully point out that today's rates are still pretty close to those 4-year highs, and that one measly day isn't much of a foundation for hope.  Optimists could counter that yesterday's high rates merely MATCHED the recent highs from last week and that the past 2 weeks overall have seen the most sideways stability in 2018. 

Long story short, rates are high relative to anything seen since early 2014, but there also continues to be a chance that they'll try to avoid going much higher in the short term.  NOTE: a "chance" means strictly that.  We're not talking about probabilities here.  

The average lender continues quoting conventional 30yr fixed rates of 4.5-4.625% for well-qualified borrowers.  Todays' NOTE rate would be the same as yesterdays with the modest improvement coming in the form of slightly lower closing costs.