A Quick Rundown of Mortgage Home Loan Rates at Capital One on February 3, 2014

Despite battling with the regular market changes and other economic factors for the past few days, Capital One Financial Corp (NYSE: COF) managed to keep its mortgage lending rates unchanged on February 3, 2014. This Monday, the potential home loan borrowers will not find any change in the benchmark 30 year fixed mortgage interest rates.

As of now, the US based mortgage lender is offering its standard, 30 year fixed rate long term mortgage plans at an interest rate of 4.250% and an annual percentage rate of 4.253% today. However, in the latest rate charts published by the bank, the short term, 15 year fixed rate mortgage home loan deals are listed next to a lending charge of 3.375% and a yearly return equivalent to 3.381% today.

The borrowers, who are looking forward to have their expensive home purchase investments financed from Capital One Financial, can lock in the ideal 30 year jumbo fixed rate mortgage home loans at an interest price of 4.375% and an annual percentage yield of 4.376%. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loans are now carrying an interest tag of 3.750% and are coming out along with an annual percentage yield equivalent to 3.752% today.

For the mortgage shoppers, who are seeking for variable home loan rates, the bank offers ideal loan options in its adjustable rate mortgage department. Today, the interested borrowers can lock in the best, 5 year adjustable rate mortgage home loan packages at a starting interest rate of 3.000% and an annual percentage rate of 2.921% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loans are coming out at a lending rate of 3.375% and are accompanied by an annual percentage rate of 3.109% on the initial amount of the loan taken from the bank.

The mortgage rates published by banks are usually affected by the upward and downward movement experienced by the prices of mortgage backed financial securities, which often tail the stock market movements. As the Wall Street lost its ground towards the end of the trading day and left the DJIA index wandering around 15337.70, the bank moved along the same path and published its home loan rates. However, the stock prices of Capital One shares increased by +0.88% and closed at a higher price mark of 67.60 by the end of the trading day.

Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.

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About the author

Rob is a analyst and reporter covering stocks and business news.