According to the latest mortgage information released by the Capital One Financial Corp (NYSE: COF) on January 7, 2014, the benchmark 30 year fixed mortgage interest rates hanging around the same spot as yesterday. Today, the customers who are planning on stopping by the local branches of Capital One Financial will find the home purchase and refinancing mortgage home loans trading at the same interest rates as yesterday.
Starting with the long term lending options, the potential home buyers can find the standard 30 year fixed rate mortgage home loans coming out at an interest rate of 4.625% and carrying an annual percentage rate of 4.628% today. However, the short term, 15 year fixed rate mortgage home loan deals can be locked in at an interest rate of 3.625% and an APR yield of 3.631%.
The borrowers who are looking forward to seek financial help from the US based lender for financing their expensive home investments can find the jumbo versions of 30 year fixed rate mortgage options published in the bank’s home loan portfolio against a lending charge of 4.750% and carrying along an APR yield of 4.751%, which is certainly a bit higher than the non-jumbo financing options. In the short term lending section, the 15 year jumbo fixed rate mortgage home loans are up for grabs at an interest cost of 4.000% and are backed by an annual return of 4.002%.
As far as the adjustable rate mortgage home loans are considered, the interest borrowers can find the 5 year deals being traded at an interest cost of 3.250% and an APR yield of 3.008% to start with. However, the more flexible, 7 year adjustable rate mortgage home loans are up for grabs at a starting lending cost of 3.625% and are backed by an annual return rate of 3.226% today.
The mortgage interest rates published by banks are generally affected by the upward and downward movement of the price of mortgage backed financial securities, which follow the stock market movements quite closely. As the stock market plummeted by the end of the trading day and reduced the DJIA index by -113.35, Capital One Financial trailed the stock market movement for publishing its interest rates. However, the price of the COF shares increased by +0.88% and closed at 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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