Capital One Bank’s Current Mortgage Interest Rates on July 17, 2014

Capital One Bank's Current Mortgage Interest Rates on July 17, 2014This Thursday, which is familiar as a carrier of unpleasant news for the mortgage shoppers, did not bring along any surprise this time. As per the most up to date mortgage information made available by the bank on July 17, 2014, the qualified home loan borrowers, who are planning on securing ideal new home purchase or refinancing deals from Capital One, will find no change in the interest rates as against the figures quoted yesterday.

Today, the standard, long term, 30 year fixed rate mortgage home loan deals can be seen traded at an interest rate of 4.125% and an annual percentage rate of 4.185% by the bank. The mortgage shoppers, who find 30 years to be a long term for home loans and are not satisfied with the heavy interest charges, can now opt for the 15 year fixed rate mortgage home loans by bearing an interest cost of 3.375% and agreeing to an annual return rate of 3.442% today.In the exclusive home loan section, the potential home buyers can spot jumbo versions of the popular 30 year fixed rate mortgage home loan plans being traded at an interest price of 4.500% and being backed by an annual percentage rate of 4.514% today. The relatively shorter, 15 year counterparts of 30 year jumbo fixed rate mortgage home loans are now up for grabs at an interest rate of 3.875% and an APR yield of 3.917% today.

The potential customers, who are planning on securing perfect home loan deals at flexible interest rates, can now opt for the best 5 year adjustable rate mortgage home loan packages, which can be seen coming out at starting interest rate of 3.125% and an APR yield of 2.906% to begin with. The more flexible, 7 year variable rate home loan deals can now be locked in at an interest rate of 3.250% and an APR yield of 3.006% on the principal amount of loan secured from the bank.

The mortgage interest rates published by the bank experience upward and downward movement depending on fluctuations in the prices of mortgage backed financial instruments, which are known to follow the stock market movements closely, on any normal trading day. As the stock market plummeted towards the end of the trading day, leaving the DJIA index at 15337.70, Capital One Financial took the lead and moved in the same direction for quoting its lending rates. Regardless of the interest rates, the stock price of COF shares gained some ground and moved up on the price ladder to reach a new point of 67.60.

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.