Sticking to its usual pricing policy, Capital One Financial Corp (NYSE: COF) decided to make no changes to its benchmark 30 year fixed mortgage interest rate figures on April 25, 2014. According to the most up to date mortgage data made available by the bank today, the ideal fixed and flexible home loan deals are still coming out at the same interest rates as yesterday, thereby making no change in the overall demand of COF loan products in the market.
With regards to the standard, long term home loan offerings, the bank is now charging an interest rate of 4.250% from, and offering an annual percentage rate of 4.253% to, the borrowers, who are interested in securing 30 year fixed rate mortgage loans today. However, in the short term lending section, the 15 year fixed rate mortgage loans are coming out at an interest charge of 3.500% and are backed by an annual percentage yield of 3.506% today.
For the potential home buyers, who are seeking ideal finances to back their expensive home purchase through Capital One Financial, jumbo versions of the popular 30 year fixed rate mortgage loans would be an ideal choice at an interest charge of 4.375% and an annual return rate of 4.376%, which is a certainly higher than the return rates offered by non-jumbo home loans. On the contrary, the short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans can be secured at a lending price of 3.875% and an APR yield of 3.877% today.
For the mortgage shoppers, who are looking for more flexibility when it comes to interest rates, Capital One Financial is offering its 5 year adjustable rate mortgage home loans at a starting interest rate of 3.000% and an APR yield of 2.839% to start with. On the other hand, the more flexible, 7 year adjustable rate mortgage deals are now up for grabs at a lending rate of 3.375% and are backed by an APR yield of 3.041% during the starting years of the home loan period.
When it comes to publishing mortgage interest rates, banks make alternations on the basis of price fluctuations experienced by the mortgage backed financial bonds and securities, which generally move along the stock market sentiments. As the stock markets declined close to the end of the trading day, leaving the DJIA index at 15337.70, Capital One Financial decided to track its movements and publish its mortgage rates accordingly. Irrespective of the mortgage interest rates, the stock prices of the COF shares increased by +0.59 and touched a new price mark of 67.60.
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