Just pulled up some mortgage rate data from early 2023 and thought I'd share what was happening back then. The 30-year fixed was sitting around 6.86% in January, up from 6.72% the week before. Pretty significant movement in mortgage rates jan 2023 - a lot of homeowners were watching those numbers closely.

For people looking to pay off faster, the 15-year fixed was at 5.95%, which represented a 0.20% jump week-over-week. On a $100k loan at that rate, you're looking at roughly $841 monthly payments. The jumbo mortgage rates jan 2023 were tracking higher too - around 6.92% for 30-year jumbo loans. Interesting to see how much variation there was depending on loan type.

One thing that stood out was the 5/1 ARM option hovering at 5.49% - that was attracting some attention from borrowers willing to take on rate adjustment risk. The spread between ARM and fixed rates was pretty noticeable during that period. If you were refinancing back then, the math on whether it made sense really depended on your existing rate and how long you planned to stay in the home. Mortgage rates early 2023 created a lot of decision points for homeowners trying to lock in before potential further increases.