Allison Martin Freelance writer. Most Recent Historical mortgage rates: How do they compare to current rates? Here are historical mortgage rates since 1971. Seeing home interest rates over time can help you understand today’s rates and decide if it's a good time to buy a house. 6 steps to choosing the right mortgage lender Learn how to pick a home loan lender. To choose a mortgage lender, know which type of loan you want and what questions to ask, then apply for preapproval.