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1. –  · They are typically .25% to .5% higher than 15-year fixed rate mortgage or adjustable rate mortgages. Who should consider a 30-year fixed-rate mortgage? Home buyers that plan on living in their home long-term should always consider a 30 year fixed mortgage as this will insure that their PI monthly payment stays the same for the life of the mortgage.

   Historical Mortgage Rates: Averages and Trends. – ValuePenguin – Over the past 48 years, interest rates on the 30-year fixed-rate mortgage have ranged from as high as 18.63% in 1981 to as low as 3.31% in 2012. Mortgage rates today remain at historical lows, with over 60% of mortgage holders paying rates between 3.00% and 4.90% as of 2015.