Capital One Published Unchanged Mortgage Home Loan Rates on March 21, 2014

This Friday, at the US based mortgage lender, Capital One Financial Corp (NYSE: COF), the benchmark 30 year fixed home loan rates are holding their position in the mortgage charts. According to the most up to date mortgage information made available by the bank on March 21, 2014, the standard home purchase loans are still carrying the same lending rates as yesterday, which will certainly help the bank in maintaining a steady demand of its loan products in the market.

Today, in the standard, long term home loan section of the bank’s loan portfolio, the bank has published the popular 30 year fixed rate mortgage home loans against a lending charge of 4.375% and an annual percentage rate of 4.378%. Alternatively, the borrowers, who are looking forward to take the short term route for financing their home purchase, can opt for the best 15 year fixed rate mortgage home loan plans at an interest rate of 3.500% and an annual percentage yield of 3.506% today.

For the home loan seekers, who are looking forward to purchase expensive homes and want to have the investment financed from Capital One Financial, the jumbo versions of the 30 year fixed rate mortgage home loan deals would be an ideal pick at an interest cost of 4.500% and an annual return rate of 4.501% this Friday. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loan packages are being tagged with an interest cost of 3.875% and are offering an annual return rate of 3.877% today.

The mortgage shoppers, who are seeking more flexibility in terms of interest rates, the US based mortgage provider is offering its best 5 year adjustable rate mortgage home loan deals at a starting interest rate of 3.000% and an annual percentage yield of 2.839% during the starting years of the home loan. On the other hand, for the seekers of more variable lending rates, bank is offering the 7 year adjustable rate mortgage home loan deals at an interest price of 3.375% and an APR yield of 3.041% on the basic amount of home loan sanctioned by the bank.

The mortgage interest rates published by bank normally move up and down on the basis of price fluctuations experienced by the mortgage backed financial bonds and securities, which are known to follow the stock market movements closely. As the stock market plummeted towards the end of the trading day, leaving the DJIA index at 15337.70, the bank followed its footsteps blindly and quoted its mortgage rates accordingly. However, the stock price of COF shares gained some ground and increased by +0.88% to touch 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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About the author

Rob is a analyst and reporter covering stocks and business news.