In the most recent mortgage home loan data released by the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF), on July 16, 2014, the benchmark 30 year fixed mortgage interest rates can be seen hanging around the same spot as yesterday. The qualified mortgage shoppers, who are planning on securing ideal home loan deals from Capital One Financial, will find no change in the lending rates charged by the financier today.
When it comes to adjustable rate mortgage home loans options, the interested borrowers can spot the 5 year deals being traded at an interest rate of 3.125% and being backed by an APR yield of 2.906% to start with. The more flexible, 7 year adjustable rate mortgage home loans are up for grabs at a starting lending cost of 3.250% and are accompanied by an annual return rate of 3.006% today.
The mortgage interest rates quoted by banks are normally affected by the upward and downward movement of the price of mortgage backed financial bonds and securities, which are known to follow the stock market movements quite closely. As the stock market waned towards the end of the trading day, and reduced the DJIA index by -113.35, Capital One Financial followed the stock market movement for publishing its interest rates. The price of the COF shares experienced a hike of +0.88% and closed at a new price point of 67.60.
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