Just checked mortgage rates for late November 2022 and noticed they've been cooling off a bit. The 30-year fixed was sitting at 6.87%, down from 6.89% the week before. Pretty interesting timing since rates had been climbing hard earlier in the year. For anyone looking at a mortgage rate around that period, the 15-year fixed was hovering around 6.18%, while jumbo loans were at 6.89%. The 5/1 ARM option was lower at 5.48% if you wanted something more flexible. What caught my attention was how much the total cost adds up - on a standard 100k loan at that 6.87% rate, you're looking at nearly 657 bucks monthly just in principal and interest, which totals around 136k in interest over 30 years. Pretty wild when you see the full picture. The APR matters too since it includes fees on top of the base interest rate, giving you the real total cost. Experts back then were split on whether November 2022 mortgage rates would keep climbing toward 7% by year-end or stabilize where they were. If you were shopping for a home during that time, the advice was always to check rates constantly and compare multiple lenders - rates could shift week to week.