Capital One Publishes Same Mortgage Interest Rates on April 16, 2014

Capital One Publishes Same Mortgage Interest Rates on April 16, 2014With 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.

The newly released mortgage information show no change in the lending rates, at which, the standard, long term, 30 year fixed rate mortgage home loans are being traded by the US based lender today. The mortgage shoppers will have to deal with an interest cost of 4.250% and agree to an annual percentage rate of 4.253% today for acquiring the popular long term home finances. On the other hand, in the short term lending section, the best 15 year fixed rate mortgage loans are now being offered at an interest rate of 3.375% and are backed by an APR yield of 3.381% today.

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.

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.