Just went back through some old mortgage rate data from late 2022 and it's pretty interesting to see where things were at that time. Back in November 2022, the average mortgage rate november had dropped to around 6.87% on a 30-year fixed, which was actually down from the week before. The APR was sitting at 6.88% if I remember right. People were watching these moves pretty closely back then because rates had been climbing hard all year. For a 15-year mortgage, the rate was hovering around 6.18% with an APR of 6.20%. If you were looking at jumbo mortgages, the 30-year was at 6.89%. There was also the 5/1 ARM option floating around at 5.48% for anyone willing to take that gamble. What's wild is looking back at the math - on a $100,000 loan at that 6.87% rate, you'd be paying roughly $657 monthly just in principal and interest. Over 30 years, that adds up to like $136,000+ in interest alone. The 15-year option was steeper monthly (around $854) but you'd save a ton on interest. A lot of people were confused about APR versus interest rate back then too. Basically APR includes the actual interest rate plus all the lender fees, so it gives you a clearer picture of what you're actually paying. Most of the time APR ends up being higher than the straight interest rate. Anyway, looking at mortgage rate november 2022 data is a good reminder of how volatile that market was. Experts were split on whether rates would hit 7% by year-end or plateau. Pretty different landscape from today.