Robert McLister·General·November 4, 2007Historic 5-Year Mortgage Rates. A Look Back. Sometimes we forget how low today’s mortgage rates are, historically speaking. Back in 1981, when rates exceeded 21%, a $200,000 25-year mortgage cost more to carry than a $500,000 mortgage today! Since 1970, 5-year mortgage rates have peaked each year at an average of 10.95%. (Click image to enlarge) Data Sources: CMHC, MyVirtualMortgageBroker.com Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.