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.
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