I am also wondering how much the mortgage rates are changing on you. Rather than extend you might have an opportunity to get them lower.
We actually purchased our house mid-March when our apartment lease wasn't up until June 1st. The seller was having trouble closing on his new place, and we let him stay for over a month in exchange for a bunch of furniture and yard equipment he was willing to leave us. It worked out great as we didn't have to pay for the stuff and still had plenty of time for renovations before moving in.
If you still have a place to live and aren't getting totally screwed by changing mortgage rates, you might consider just waiting until June to close and move in.
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