Just been looking back at mortgage rate data from October 2022, and that period was pretty wild for anyone shopping for a home. The 30-year fixed was sitting at 7.20%, which had jumped from 7.12% the week before. If you wanted to go shorter with a 15-year mortgage, the rate in October 2022 was around 6.40%, so there wasn't much of a difference between the two. What caught my attention is how volatile things were back then - over that 52-week stretch, rates had swung from a low of 5.43% all the way up to 7.24% on the 30-year. That's a pretty significant range. For someone taking out a $100,000 mortgage at that October 2022 rate of 7.20%, you'd be looking at roughly $679 monthly payments just for principal and interest. Over the life of the loan, that adds up to about $144k in total interest. The jumbo mortgage rates weren't much different either - sitting at 7.21% for the 30-year fixed. If you were one of the few looking at adjustable rates back then, the 5/1 ARM was offering 5.45%, which was actually lower than the fixed options. Anyway, it's interesting to see how much the mortgage rate landscape has shifted since that October period.