A closer look at the latest mortgage data released by the lender will reveal that the standard, long term, 30 year fixed rate mortgage deals are still being traded at an interest rate of 4.250% and are backed by an annual percentage rate of 4.253%. In the relatively shorter home loan arena, 15 year fixed rate mortgage home loans can be seen listed at an interest rate of 3.375% and accompanied by an APR yield of 3.381% today.
For some special customers with special housing finance needs, the bank offers jumbo versions of its popular 30 year fixed rate mortgage options at a lending rate of 4.250% and an APR yield of 4.251%, which is certainly higher than the rates offered by non-jumbo loans. Likewise, in the short term lending department, 15 year jumbo fixed rate mortgage deals are published at the same lending rate of 3.750% and are accompanied by an APR yield of 3.752% this Wednesday.
When it comes to flexible rate financing options, the potential home buyers can opt for the 5 year adjustable rate mortgage home loan packages, which are now available for an interest price of 3.000% and an APR yield of 2.839%. For the seekers of more flexible lending options, 7 year adjustable rate mortgage home loans can be seen published at an interest rate of 3.250% and carrying an annual percentage yield of 2.983%.
The mortgage interest rates quoted by banks normally fluctuate depending upon the price changes experienced by mortgage backed securities and bonds traded by banks in the financial markets, which are known to tail the stock market movements. As the stock market lost its ground by the end of the trading day and left the DJIA index at 15337.70, Capital One followed the movement blindly and published its mortgage rates accordingly. However, irrespective of the mortgage interest rates, stock prices of COF shares increased by +0.59 and touched a new price mark of 67.60.
For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.