Just scrolled through some old data and remembered how crazy the mortgage market was back in March 2022. The rates had climbed to 5.19% for a standard 30-year fixed, which was a pretty sharp jump from the 4.955% we saw just a week before. If you were refinancing, you'd be looking at even higher numbers around 5.289%. People were definitely feeling the pressure after those record lows during the pandemic. What's interesting looking back is that mortgage rates in March 2022 really marked the beginning of that steady climb throughout the year. The Fed was already signaling they'd hike rates multiple times, and it showed in the housing market. ARMs were sitting lower at that time - like 3.973% for a 5/1 - but most people weren't biting because everyone knew rates would keep moving up. The whole situation was basically the Fed trying to fight inflation while homebuyers were scrambling to lock in before things got worse. Funny how mortgage rates in March 2022 seemed high at the time, but by the end of that year they'd gone even higher. Anyway, it's a good reminder of how quickly things shift in the lending market.