Purchase a home after 2022?
The data shows you’re likely overpaying. On average, that looks like:$279a month$3,343a year$78,186over the life of the loan$65 billionsince 2022
Rates peaked in 2023. Is yours still stuck there?
30-year fixed rates hit a two-decade high in late 2023, but they’ve fallen since then. If your rate is still above 7%, you’re paying more than you need to.
30-Year Fixed Mortgage Rate (2022–2026)
Source: Bankrate Monitor · Updated weekly
The data behind the numbers
We analyzed 3.2 million mortgage originations for Bankrate’s Hidden Homeownership Tax research — here’s what we found.
Of borrowers paid above the competitive rate
Lost annually across U.S. mortgages originated since 2022
Saved by Bankrate members every year
Tracking rates independently
The amount a typical borrower is overpaying
Of banks beaten by Bankrate's top offers in 2025
Of borrowers paid above the competitive rate
Tracking rates independently
The amount a typical borrower is overpaying
Lost annually across U.S. mortgages originated since 2022
Saved by Bankrate members every year
Of banks beaten by Bankrate's top offers in 2025