Latest / Mortgage Research Network Podcast
When Rates Rise After Pre-Approval: What Buyers Can Do
It’s a common—and stressful—situation: mortgage rates climb after you’re pre-approved, shrinking your buying power. Tim Lucas and Craig Berry break down how rate bumps affect approvals, why it’s not always a deal-breaker, and the creative strategies buyers are using to adapt.In this episode you’ll learn:The math: Every 0.25% rate increase can trim ~$10K from your home budget; a jump from 6.25% → 7.5% could slash purchasing power by nearly $50K.DTI flexibility: Many loans allow DTI up to 45% (FHA even higher), so small jumps don’t always disqualify buyers.Creative fixes: Seller-paid rate…
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