Just found an old article from December 2022 about where mortgage rates were sitting back then. Rates had dropped that week—the 30-year fixed was around 6.59%, down from the previous week. Interesting to see how different products were priced. The 15-year fixed was at 5.94%, jumbo mortgages were 6.61%, and if you went with a 5/1 ARM you could get 5.44%. The APR on the 30-year was 6.61% that same week. On a $100k loan at 6.59%, your monthly payment would've been roughly $638 in principal and interest. Over the life of the mortgage you'd pay around $130k in interest alone. The 15-year option at 5.94% would've run you about $841 monthly on the same $100k. Back then, experts were pretty split on whether rates would keep climbing toward 7% by year-end or stabilize. The mortgage rates in dec 2022 had already jumped significantly compared to earlier that year. If you were shopping for mortgages around that time, the advice was to check rates frequently and compare lenders since APR varies based on fees. Makes you wonder what the rates look like now compared to where they were then.