[quote=bearishgurl]FSD, that was my thought, too. Really, how much could the 30 fixed MIR rate have changed from 21 or even 30 days ago? And I agree that if it is even up a fraction of a point, that is not enough to kill the deal unless it really isn’t a “deal” to begin with.
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Quite a bit. Rates have gone up about 50 basis points in the past month. On a $500K loan the difference between 3.5 and 4.0 is 2245 to 2387. If you qualified at a maximum payment of $2250 then you’d be forced to look at houses that are priced around $470K rather than $500K to make that payment at the higher rates.