Your actual mortgage payment will be higher than you originally anticipated.
Depending on your preferred mortgage product, rates have increased by as much as one-half of one percent.
Mortgage experts expect the surge to continue over the next 30 days, at a minimum.
If your mortgage pre-approval is dated prior to May 9, call your lender and ask him to re-run it using today's rates and market conditions. If you don't have a pre-approval yet, today would be a good day to get one.