This Monday, the benchmark 30 year fixed mortgage interest rates are still carrying the same figure on as reported in the mortgage rate charts of the previous week at Capital One Financial Corp (NYSE: COF). The mortgage shoppers, who are planning on securing ideal fixed or flexible rate home loans, will find the available options being advertised at the same interest rates on February 24, 2014.
At the beginning of a new week, the standard, long term, 30 year fixed rate mortgage home loan deals are being traded at an interest rate of 4.375% and an annual percentage rate of 4.378% by the bank. However, the mortgage shoppers, who find 30 years to be a quite long period for home loans and are unhappy with the heavy interest charges, can opt for the 15 year fixed rate mortgage home loans, which are now being advertised at a relatively lower interest cost of 3.375% and an annual return of 3.381% today.
In the expensive home loan section, the potential home buyers, who are planning on making a big investment and are seeking monetary help from Capital One Financial, can spot the perfect 30 year jumbo fixed rate mortgage home loan plans coming out at an interest price of 4.375% and being backed by an annual percentage rate of 4.378% today. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loans can be locked in at an interest rate of 3.500% and an APR yield of 3.502% today.
The prospective customers, who are looking forward to secure perfect home loan deals at variable interest rates, can go for the best 5 year adjustable rate mortgage home loan packages, which are now coming out at a starting interest rate of 3.000% and an APR yield of 2.839% to start with. On the other hand, the more flexible, 7 year variable rate home loan plans can be locked in at an interest rate of 3.250% and an APR yield of 2.983% on the principal amount of loan taken from the bank.
The mortgage interest rates quoted by the banks move up and down depending on the price fluctuations experienced by the mortgage backed financial instruments, which generally follow the stock market movements on any normal trading day. As the stock market lost its ground by the end of the trading day and left the DJIA index at 15337.70, Capital One Financial moved along the same direction for publishing its lending rates. However, irrespective of the interest rates, the stock price of COF shares gained some ground and moved up to a new mark of 67.60 after registering a hike of +0.59.
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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