U.S. stocks pulled back Tuesday morning as Wall Street recalibrated expectations on growth and inflation amid rising fiscal risks tied to President Donald Trump's sweeping tax proposal.

Mortgage rates roughly parallel the 10-year yield but at a higher level, and a daily measure of mortgage rates also ticked up since the rate cut on Wednesday. Click to read.

The 10-year Treasury yield was lower on Tuesday as investors looked ahead to a slew of economic data this week.