It looks like fixed rates may be possibly moving upwards tomorrow or Friday. This is based on the an increase in yield on the 5 year Government bond. The 5 year government bond (which leads mortgage fixed rates) sprang up to 1.51% today. That is a 3 1/2 month high. If yield hold above 1.50% we could see an increase in mortgage fixed rates.
Bond yields do move up and down all the time so an fixed rate increase does not mean fixed rates are now trending upwards. Over the past 12 months we have seen the 5 year fixed mortgage rate fluctuate between 3.29% to as high at 4.50%. Rates overall are still low.