Despite the volatile market conditions, the benchmark 30 year fixed mortgage interest rates are walking on a straight at the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF) on May 23, 2014. As of now, the potential home buyers, who are planning on securing required funds from Capital One, can spot the fixed and flexible home loan deals being traded at the same interest rates today.
According to the most recent mortgage information released by the US based mortgage lender, the standard, 30 year fixed rate long term mortgage plans are coming out at an interest rate of 4.125% and are carrying an annual percentage rate of 4.153%. The latest rate charts published by the bank also highlight the short term, 15 year, fixed rate mortgage home loan deals next to a lending rate of 3.250% and an annual return rate equivalent to 3.299% today.
For the borrowers, who are planning on having their expensive realty investments financed through Capital One Financial, jumbo variants of the popular 30 year fixed rate mortgage home loans would serve as ideal options at an interest price of 4.125% and an annual percentage yield of 4.149%. In the relatively shorter lending section, 15 year jumbo fixed rate mortgage home loans are now available at an interest rate of 3.625% and are carrying an annual percentage yield equivalent to 3.667% this Friday.
For the potential home buyers, who are looking for flexibility in lending rates, the bank now quotes its ideal, 5 year adjustable rate mortgage home loan packages at a starting interest rate of 3.000% and an annual percentage rate of 2.862% to start with. In the more flexible home loan section, 7 year adjustable rate mortgage home loans are being listed at an interest price of 3.250% and are backed by an annual percentage return of 3.006% on the principal amount of home loan taken from the bank.
Mortgage rates published by the bank are usually affected by the upward and downward movements in the prices of mortgage backed financial bonds and securities, which often move along with the stock market on any normal trading day. As the stock market lost its ground towards the end of the trading day and left the DJIA index at 15337.70, Capital One followed its footsteps blindly and published its mortgage home loan rates. Irrespective of mortgage rates, the stock price of COF shares increased by +0.88% and closed at a new price mark 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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