Average US mortgage rates over the past decadeOctober 4, 2013 @ 10:27 am
(AP) - Despite a recent spike in mortgage rates, the average on the 30-year fixed loan remains a bargain at below 5 percent. Here are the average annual rates for the 30-year loan for each of the last 10 years. The housing market downturn began in 2007. Data are from Bankrate.com.
_2003: 5.89 percent
_2004: 5.88 percent
_2005: 5.93 percent
_2006: 6.47 percent
_2007: 6.40 percent
_2008: 6.24 percent
_2009: 5.38 percent
_2010: 4.86 percent
_2011: 4.65 percent
_2012: 3.88 percent
_2013: 4.07 percent (asterisk)
(asterisk) Average is through September.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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