[TomGuy]

According to Kiplinger, 7.74% is the long term average.

The Magic Mortgage Rate Number to Tip the Housing Market

We still have a ways to go just to hit 'average'.

Too many got too used to the cheap money of the last 15 years.

[NautiNurse]

According to Kiplinger, 7.74% is the long term average.

Granted, current rates prompt sticker shock compared with the past decade. In 1998 I was pleased with 7.125%. Within 5 years, grabbed a refi at 4.5%.