Which credit pull in the mortgage process determines rates?
My credit score is 720 right now. I paid off $18K worth of credit card debt last week so my credit score should be around 800 once new balances are reported to credit score companies. Should I wait before applying for mortgage? I know they run credit check several times, first for pre-approval and another one before closing. Which one will determine interest rates? If it's the one before closing then I don't see point in waiting cause my score is good enough to get pre-approved and it will be up to 800 at the closing time.