Caramel,
I am in the same position as you are, and am contemplating a 4th attempt. I have heard and talked to many different sources that are split on retaking the test or staying put and focusing on applications.
I would love to hear what others on this board have to say.
Here's a blog that I found that is talk from admissions officers at some of the Top 10:
https://www.manhattangmat.com/blog/index ... -the-gmat/ The article is from March 2007, but it probably still applies.
Good luck with everything. Hopefully, you'll get some more responses.