Just looked back at the mortgage market data from late November 2022 and it's interesting to see how rates were moving at that time. The 30-year fixed was sitting around 6.87% with an APR of 6.88%, which was actually down a bit from the week before when it hit 6.89%. Pretty tight range. What caught my attention is how much that affects your actual monthly payment - on a 100k loan at 6.87%, you're looking at roughly 657 per month just in principal and interest. Over 30 years, that adds up to about 136k in total interest alone. The 15-year fixed was lower at 6.18% APR, which makes sense. If you went that route on the same 100k, monthly payment would be around 854. The jumbo rates weren't much different - 6.89% for 30-year jumbo mortgages. But here's what's wild: the 5/1 ARM was sitting at 5.48%, noticeably lower than the fixed options if you're willing to take that risk. Back then, experts were split on whether rates would keep climbing toward 7% by year-end or stabilize. Guess we know how that turned out now. The mortgage rates in November 2022 really showed how the market was in flux that year.