Consumers Are a Bit Gloomy About Mortgage Rates. What’s Behind the Sour Mood.

Consumers in March soured on the prospect of lower mortgage rates, according to one survey. Mortgage rates, one of the main inputs of housing costs, have hovered between roughly 6.6% and 7% since the start of the year, according to weekly Freddie Mac data. As of Monday morning, the 10-year Treasury yield, a benchmark for mortgage rates, was up 0.058 percentage point since last Wednesday’s close, according to Dow Jones Market Data.