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Sorry, savers: Interest rates set record lowsUSA TodayJul. 17, 2012 |
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 Interest rates hit another all-time low Monday, which is great news for borrowers but keeps savers in the land of no returns. The bellwether 10-year Treasury note yielded 1.46% Monday and went as low as 1.44% in intraday trading. Bond traders push rates down when they think the economy is slowing and inflation is unlikely. Rates on 30-year fixed mortgages closely follow the 10-year T-note yield. On Thursday, the average mortgage rate fell to a record low of 3.56%, according to mortgage giant Freddie Mac. Read More 
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