We are blasted with so many bogus advertising pitches day in and day out, I think it often desenitizes us to what is really a good deal and what isn?t?..we don?t know what to believe. ?I thought I?d take a quick historical look at rates and try to put some facts out there for review.? Rates are currently hovering around 5%. Ten years ago, they averaged out at around 8%. Twenty years ago, they were 10%. If you finance $100,000 at 5% for a 30 years mortgage, the principle and interest for that loan would be $536.32. At 8%, your payment would be $733.76. At 10%, the payment would be $877.57. The answer is that they are a really good deal right now.