Mortgage Rates Headed Up in 2010 Says CNBC

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"If you told me by the end of 2010 a 30-year rate was at 6 percent, that sounds about right," says Mark Zandi, chief economist at Moody's. "I don't think there's any question rates are headed up.

"Rates are still historically low heading into the new year. The average fixed rate on a 30-year mortgage was 4.94 percent the third week of December. But that's higher from the record low of 4.71 percent the week of Dec. 3.

So far, it's turned out to be a case of nowhere to go but up, says Lawrence Yun, Chief economist at National Association of Realtors.

"Rates weren’t going to stay that low forever," says Yun. "But I don't see anything too alarming. Rates will still be considered attractive."