Just looking back at mortgage rates from December 2022 and wow, things were pretty wild that year. The average 30-year fixed was sitting around 6.59% mid-December, down a bit from earlier in the week. If you had grabbed a 15-year mortgage then, you'd be looking at 5.94%, which wasn't terrible but still pretty high compared to what we'd seen before. I remember people were stressed about those mortgage rates in dec 2022 because they'd jumped so much through the year—peaked at like 7.41% for the 30-year at one point. On a 100k loan with that 6.59% rate, you'd be paying roughly $638 monthly, which added up to over 129k in interest over 30 years. Jumbo mortgages were running 6.61%, and ARM products like 5/1s were a bit cheaper at 5.44%. The whole mortgage rates dec 2022 situation had people wondering if they'd keep climbing toward 7% or stabilize. Looking at it now, that period was definitely a turning point in the housing market.