Re: [Rant] A savings acct of 0.75% is now considered high-yield?
That would effect mortgages not savings accounts. The Fed is promissing to hold down short term rates till 2014. So unless unexpected core inflation increases force their hand ealier, don't look for a good return on savings accounts in the next 2 years.
Good points, mortgage rates move before savings rates, however, a "good" return on savings rates is relative and subjective. I read today that technical analysts observed a significant flow of $ from treasuries. Curious why the market behaved differently so recently after the fed stated their intent to hold rates steady until 2014.
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Because Treasuries are considered a safety bet. So if investors think the economy is improving they'll sell Treasuries and move their money into investments with higher rates of return.
