Government bond market fluctuations have renewed concerns about rising mortgage rates and may prompt borrowers to take more notice of what mortgage lenders are charging on a local level. The yield on the 10-year Treasury bond – which serves as the benchmark for mortgage interest rates – is nearing 3% for the first time since December 2013, amid ongoing concerns about inflation and large-scale auctions of short-term Treasury notes this week that's adding a glut of supply for government debt.