Capital One Bank’s Mortgage Interest Rates on June 2, 2014

Capital One Bank's Mortgage Interest Rates on June 2, 2014

Though several mortgage lenders revised their lending rates towards the end of the previous trading week, Capital One Financial Corp (NYSE: COF) decided to stay focused on its usual course. In the new mortgage information released by the bank on June 2, 2014, the interested borrowers will find the ideal fixed and flexible home loan options, being traded at the same interest rates as towards the end of the previous week.In the standard, long term, new home financing section, the bank has now published its 30 year fixed mortgage interest rates at an interest price of 4.125% and an annual percentage rate of 4.138% this Monday. For the borrowers, who are keen on walking down the shorter route for financing their new home purchase, the bank offers its 15 year fixed rate mortgage home loan plans at an interest rate of 3.250% and an annual percentage yield of 3.299% today.

For the potential home buyers, who planning on having their expensive home purchase financed through Capital One Financial, the jumbo versions of its popular 30 year fixed rate mortgage loans would serve as ideal options at an interest rate of 4.125% and an annual return rate of 4.138%. In the short term home loan section, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans are now listed at a lending price of 3.625% and an annual percentage return of 3.649% today.

For the potential home buyers, who are planning on securing home loans at more flexible interest rates, Capital One Financial offers its best 5 year adjustable rate mortgage home loans at a starting interest rate of 3.000% and an APR yield of 2.862% to begin with. For the seekers of more flexible interest rates, 7 year adjustable rate mortgage plans are now published in the bank’s books at a lending rate of 3.125% and are backed by an APR yield of 2.958% this Monday.

As far as lending rates are concerned, banks make changes to the mortgage costs on the basis of price fluctuations experienced by the mortgage backed financial bonds and securities, which generally follow the stock market sentiments. As the stock markets waned towards the end of the trading day and left the DJIA index at 15337.70, Capital One Financial followed its footsteps blindly and published its mortgage rates accordingly. Regardless of the mortgage interest rates, the stock prices of the COF shares increased by +0.59 and reached a new price 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.