Today, at the US based mortgage lender, the standard, long term, 30 year fixed rate mortgage home loans are being advertised at improved interest rate of 4.125% and an annual percentage rate of 4.128%. For the mortgage shoppers, who are interested in taking the short term road for financing their home purchase, the bank offers its best 15 year fixed rate home loan plans at an interest rate of 3.375% and an APR yield of 3.381% today.
Sometimes, the home buyers might need more amount of finances for making expensive realty investments. Mortgage shoppers, with such financing needs, can opt from the jumbo variants of the popular 30 year fixed rate mortgage schemes being traded at a rate of 4.125% and are yielding an annual return rate of 4.126%. In the short term lending section, 15 year jumbo fixed rate mortgage home loans are coming out at an interest cost of 3.750% and an APR yield of 3.752% today.
As far as the adjustable rate mortgage home loan schemes are concerned, the best 5 year variable interest rate packages can be secured at an interest cost of 3.000% and an APR yield of 2.839% during the initial years of the home loan period. For the home buyers, interested in securing more flexible home loan deals, the 7 year adjustable rate mortgage home loan plans are now up for grabs at a starting interest rate of 3.250% and are backed by an annual return of 2.983% to start with.
The mortgage interest rates published by the banks fluctuate on the basis of price changes experienced by the mortgage backed bonds and securities traded in the financial market, which follow the stock market movements on any normal trading day. As the Wall Street plummeted by the end of the trading day and left the DJIA index at 15337.70, the bank moved along the same path and quoted its mortgage interest rates. However, the COF shares increased by +0.88% and reached a new price mark of 67.60.
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