Capital One’s Home Purchase and Refinance Mortgage Rates Roundup for January 28, 2014

Towards the end of the month, following the lead of several other mortgage lenders, Capital One Financial Corp (NYSE: COF) is also acting cautiously while publishing any unfavorable changes to its benchmark 30 year fixed mortgage interest rates. As a result, the potential borrowers visiting the local branches of Capital One will find no change in the standard and refinancing home loan rates on January 28, 2014.

According to the newly released mortgage information, the US based mortgage lender is offering its standard 30 year fixed rate long term home loan deals at an interest rate of 4.250% and an annual percentage rate of 4.253% today. On the other hand, the short term, 15 year fixed rate home loan offerings are coming out at an interest cost of 3.500% and are backed by an APR yield of 3.506%.

When it comes to big home loan options, for the borrowers who are looking forward to finance their pricey home investments, the bank provides its best 30 year jumbo fixed rate home loan deals at an interest rate of 4.500% and an APR yield equivalent to 4.501% today. On the other hand, the attractive 15 year jumbo fixed rate mortgage deals are coming out at an interest price of 3.875% and are backed by an APR yield of 3.877% today.

The borrowers who are seeking flexible home loan rates can go for the impressive 5 year adjustable rate mortgage options, which are now being traded at a starting interest cost of 3.000% and are accompanied by an annual return of 2.921% on the initial amount of loan taken from the bank. Alternatively, the more flexible, 7 year adjustable rate mortgage home loan packages are coming out at an interest rate of 3.375% and an APR yield of 3.109% to begin with.

Mortgage home loan rates, published by banks, often face fluctuations because of the change in the price of mortgage backed financial bonds and securities, which generally track the stock market movements on any normal trading day. As the stock market lost its ground towards the end of the trading day and left the DJIA index hanging around 15337.70, the bank followed the stock market blindly and quoted its lending rates. However, regardless of the mortgage rates, the stock price of COF shares registered an improvement of +0.59 and closed at a new price point 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.