Capital One Financial Quoted Better Mortgage Interest Rates on February 26, 2014

Dealing with the regular ups and downs, Capital One Financial Corp (NYSE: COF) managed to publish improved benchmark 30 year fixed mortgage interest rates on February 26, 2014. As per the new mortgage rate charts released by the bank, the mortgage customers will find fixed and flexible home loan deals coming out at reduced interest rates today, which means they can secure a perfect loan without burning their pockets owning to higher interest payments.

To start off, the standard, long term, 30 year fixed rate mortgage home loan deals are currently published in the bank’s books against an interest charge of 4.250% and an annual percentage rate of 4.253%. On the other hand, the seekers of relatively shorter home financing options can spot the short term, 15 year fixed rate mortgage home loan packages being traded at an interest cost of 3.375% and being backed by an annual percentage rate of 3.3815 today.

For the mortgage shoppers, who are planning on making an expensive realty investment and are hoping to receive the required financial assistance through home loans, Capital One Financial is offering its best, 30 year jumbo fixed rate mortgage home loan packages at an interest cost of 4.125% and an annual percentage rate of 4.126% today. Alternatively, the short term, 15 year jumbo fixed rate mortgage home loans can be locked in at an interest rate of 3.625% and an annual return rate of 3.6275 today.

When it comes to flexible home loan options, the bank is offering its best 5 year adjustable rate mortgage home loan plans at an interest rate of 3.000% to start with and an annual return rate of 2.839% during the initial years of the home loan. On the other hand, the more flexible, 7 year adjustable rate mortgage plans can be locked in at an interest price of 3.250% and an annual percentage yield of 2.983% on the initial amount of loan taken from the bank.

The home loan rates published by banks are often affected by the change in the prices of mortgage backed bonds and securities, which generally trail the stock market movements on any normal trading day. As the stock market waned towards the end of the trading day and reduced the DJIA index by -113.35, Capital One chose to move in the same direction for quoting its loan offerings. However, the stock price of COF shares touched new heights after a rise of +0.59 and closed at a higher 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.