The yield on the 10-Year Treasury Note has risen from a low of 2.05% in December to its current level of 3.12%. At the same time, the 30-year fixed mortgage rate has remained near its lows over the last six months, only rising from 4.85% to 4.98%. If mortgage rates were rising at the same pace as Treasury yields, the Fed would probably have a real panic on their hands. With mortgage rates low, potential homebuyers are still attracted to lower borrowing costs. Let's hope they stay that way for the time being.