No, it wouldn't.
Actually I kind of sympathize with these folks to a degree, but have to ask: OK 4000.00 per month after taxes. The house payment went up by 500.00 per month to 2200.00. Now with all their "extras" they can't afford food? How did they "make it" when their housing was only 1700.00 per month? Exactly how much are these "extras"? 2300.00 per month? What kind of cars are they driving? It sounds like they were tapped out even before the interest rates went up.
They could drive cheap used cars and dispense with the car payments. The people in the article chose to be broke.