Lufkin TX VA Loan Rates l VA Loan Rates in Lufkin Texas

Mortgage and Lending with CrossCountry Mortgage NMLS # 243437

Looking to purchase a home or refinance using your Texas VA Loan benefits?  The rate you can obtain is a big factor in determining the lender you will choose as well as what your payment will be. 

 The market can be volatile, and Lufkin TX VA Loan Rates many times change daily, and fluctuate sometimes during the course of single a day. 

 So why does this happen, and what determines the interest rates you can get? 

 All mortgage products are backed by bonds, or securities  that are traded on wall street like stocks. Bonds are the investment instruments that backs mortgage, including VA Loan products. Mortgage bonds are also called mortgage backed securities. 

 Just as the stock market can go up and down during a day, so can mortgage backed securities, therefore influencing all mortgage rates including Lufkin TX VA Loan Rates. News that comes out throughout the day can cause wild swings in the bond market. Other days can be calm with little change. You can track the market at our favorite website about the markets called Marketwatch. 

 Because of these fluctuations in mortgage rates, it is important to make sure that when you are comparing lender’s estimates, that you compare on the same day, and preferably the same approximate time of the day. One lender’s quote on Tuesday may be very different from another’s quote on Thursday, simply because of market swings. 

 Once you are under contract, you can prevent exposure to market swings by securing your Lufkin VA Rates with a rate lock. The rate lock will secure the rate that was available on the day of the lock, no matter what happens in the market. Rate locks should be made for a period of time that will enable you to get to closing before the lock expires, so that you can avoid expensive lock extension fees, or a charge to add additional days to the lock. 

 It's also important to keep in mind that there are many other things that can affect your interest rate besides what the market is doing. For example, if you have a lower credit score, Colorado VA Rates will be slightly higher. 

 A slightly higher interest rate can also lead to lower closing costs as your lender can pay your closing costs. What makes this possible is that the lender is paid a percentage based on the interest rate that is locked, and the percentage is higher as the rate goes up. This higher percentage is then used to pay your closing costs. 

 All of these factors and more can affect your interest rate. For a customized quote, please visit, you may also email our Senior Mortgage Banker, Joy Bates: or call 817-860-3232 and we will get back to you quickly with an honest and accurate quote.  

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The Legacy Group of CrossCountry Mortgage

Chad and Joy Bates NMLS #243437


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1205 West Abram St. 

Arlington, TX 76013


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