With an aim of enjoying a steady market demand of its mortgage home loans, Capital One Financial Corp (NYSE: COF) published unchanged benchmark 30 year fixed mortgage interest rates on April 16, 2014. As of now, the eligible borrowers will find no change in the lending rates at which the fixed as well as flexible home loan deals are coming out of Capital One this Wednesday.
In the jumbo home loan department, the mortgage lender is now offering its popular 30 year fixed rate mortgage home loans at a lending rate of 4.250% and an APR yield of 4.251% this Wednesday. Alternatively, for the borrowers, who are seeking short term finances for dealing with their expensive realty investments, the bank is offering its best 15 year jumbo fixed rate mortgage home loans at an interest price of 3.750% and an APR yield of 3.752% today.
Shifting attention towards the flexible home loan section, the interested customers can spot 5 year adjustable rate mortgage options being traded at a starting interest rate of 3.000% and an APR yield of 2.839%. However, the more flexible, 7 year adjustable rate mortgage home loan plans are now up for grabs at a lending rate of 3.250% and an APR yield of 2.983%.
The mortgage interest rates quoted by banks always move up and down depending upon changes in the rates of mortgage backed financial instruments, which normally follow the stock market movements. As Wall Street lost its ground towards the end of the trading day and the left DJIA index stranded at 15337.70, Capital One followed the market sentiments blindly and published its mortgage rates accordingly. However, irrespective of the mortgage rates, the stock price of COF shares experienced a hike of +0.59 and closed at a higher mark of 67.60.
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