Grandview TX VA Loan Rates l VA Mortgage Loan Rates in Grandview Texas

Mortgage and Lending with CrossCountry Mortgage NMLS # 243437

If you are looking to purchase a home or refinance using your Texas VA Loan benefits, the rate you can obtain is a huge factor in determining which lender you choose as well as what your payment will be. 

 The market can be volatile, and Grandview 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. Mortgage bonds are what back mortgages, including Grandview TX VA Loan Rates. Mortgage bonds are also called mortgage backed securities. 

 Mortgage backed securities are just like the stock market in that they can go up or down during the course of a day, therefore influencing all mortgage rates including Grandview TX VA Loan Rates. News that comes out throughout the day can cause wild swings in the bond market. Other days are calm, with little or no fluctuation. Marketwatch is our favorite website for tracking market changes. 

 These fluctuations in mortgage rates make it essential 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 under contract, a rate lock will prevent exposure to market changes on Texas VA Mortgage Rates. This means you will receive the rate you had on the day of the lock, no matter what the market does. 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. 

 Keep in mind that there are also many other things that can affect your VA rate besides what the market is doing. An example is that if you have low credit score, you will receive higher Texas VA Mortgage Rates. 

 Your lender can also pay your closing costs by locking in a slightly higher interest rate. 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. 

 As you can see, there are many factors that go into determining your interest rate. We would be honored to provide you a free, no obligation rate quote.  Just give Joy Bates a call at 817-860-3232, email Joy: or visit  

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The Legacy Group of CrossCountry Mortgage

Chad and Joy Bates NMLS #243437


1205 West Abram St. 

Arlington, TX 76013

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