Capital One Published Higher Mortgage Rates on 4 November, 2013

Capital One Published Higher Rates on 4 November 2013The benchmark 30 year fixed rate mortgage rates on the loan schemes provided by Capital One Financial (NYSE:COF) have been quoted at 4.125%, along with an annual percentage rate of 4.153% today. For those who are willing to avail the benefits of Jumbo plans, the lender also provides 30 year Jumbo Fixed rate Mortgage loans at an impressive interest rate of 4.625%, and yield an APR of 4.639%.

These rates have been walking down the same route for the past couple of days and continue to follow the same trail today. The rates have a lock in period of about 60 days and being based on a number of deciding factors, they can rise or fall at any time, for which, Capital One disclaims any right to inform the borrowers before publishing the new rates.

Apart from the long term loans, the lender also deals in the popular 15 year fixed rate mortgages that are, for now, listed at a rate of 3.375% today, carrying APR yield of 3.424%. The borrowers who are interested in the Jumbo options can also find something of interest with the bank. Capital One Financial also provides Jumbo FRM loan schemes, which have been published today at a rate of 3.750% and have a starting APR yield of 3.774%.

The Capital One Financial also provides Adjustable Rate Mortgages in its home financing portfolio. The 5 year ARMs are at present listed at a rate of 3.000% and is accompanied by an annual percentage rate of 2.945%. For those who want to stretch the period of finance a little more, the bank also offers 7/1 adjustable rate mortgage schemes at an interest rate of 3.375%, which are known to yield an APR of 3.133%.

The mortgage rates are on a normal note affected by the mortgage based securities that are traded by banks on the financial markets, which change according to the movements happening in the stock market. The stocks grounded a bit close at the day’s end and left the DJIA index hanging at a new mark of 15337.70.

At this point of time, the mortgage rates at Capital One follow the trait of the stock market as well. Now, the stock price of Capital One hiked a bit and reached a mark of 67.60, close to the day’s end, experiencing an increase of +0.88% in value.

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.