Dan Green over at Bloodhound Blog has a timely reminder for all Realtors to look at their existing pipeline and take a few minutes to have their customers requalify with their lenders.  As Dan points out the last few weeks have seen mortgage rates jump as much as .75%; which puts a big damper on borrowing power for your clients.

Having them requalify is a great way to ensure your borrowers aren't disappointed after finding a home they could have afforded last week; but has since become too expensive. 

In addition to Dan's advice, I'd like to add some of my own.  For any of your clients that currently have a loan lock commitment it is vital that you have them identify when their rate will expire and take steps to close expediently or take an extension.  Rates locked two weeks ago look like gold in today's market.

Finally, make sure the mortgage professional your client is working with is keeping a close eye on the bond market.  A bond-savvy mortgage professional can spot price changes before lenders announce them.  Locking ahead of a price change for the worse can mean thousands of dollars saved over the life of the loan and a bit more borrowing power for your clients.