Mortgage Rates continued, getting, between, mortgage

ashycal

Why haven’t mortgage rates moved lower this week if the yield on the 10 year treasury has continued to move lower the last 3 days and now at historic lows? I’m looking to lock a rate for a 30 year fixed mortgage but I’m getting a quote of 4.625%. That is what I was quoted last Friday. I have impeccable credit and I’m putting 20% down. From what I can tell, the historical spread between the 10 year treasury and a 30 year fixed mortgage has been around 1.75%. So with all of the recent downgrades is the market now demanding a spread of about 2.5%?