Home Interest Rates Forecast to Climb in 2014. Also Comparison of Interest Rates for Past Few Years

Home mortgage interest rates in 2013 rose as the year came to a close.   Rates closed around 4.65% for a 30 year mortgage.

Even though this was an increase from 2012, the yearly average of 4.25% for all of 2013 was the 2nd lowest average interest rate in the past few decades.

Below are the average interest rates for the past few years:

2008 - 6.0%
2009 - 5.0%
2010 - 4.75%
2011 - 4.5%
2012 - 3.75%
2013 - 4.25%

Source of information and great reading is found at Mortgage News Daily