If the economy is growing close to trend, and inflation is close to target, one would expect interest rates to be pretty close to average.
1  1  Alan G. Ahearne, John Ammer, Brian M. Doyle, Linda S. Kole, and Robert F. Martin (2005), "House Prices and Monetary Policy: A Cross-Country Study," International Finance Discussion Papers 2005-841 (Washington: Board of Governors of the Federal Reserve System, September).