For the potential home buyers, who are planning on having their expensive realty investment in financed through Capital One Financial, can opt for the jumbo versions of its popular 30 year fixed rate mortgage home loans, which are now coming out at an interest rate of 4.375% and an annual return rate of 4.389%, which is certainly higher than the conventional home loan packages. Considering the short term loan offerings, the customers can now find the 15 year jumbo fixed rate mortgage packages being published at an interest cost of 3.750% and an APR yield of 3.792% this Thursday.
When it comes to the adjustable rate mortgage options, the bank now offers the best 5 year variable rate home loan deals at a starting interest price of 3.125% and an APR yield of 3.792% during the initial years of home loan tenure. For the seekers of more flexible interest rates, the bank is now offering the 7 year adjustable rate mortgage packages at a starting interest rate of 3.250% and an APR yield of 3.006% on the principal amount of loan taken from the bank.
Mortgage interest rates published by banks normally move up and down depending upon the fluctuations in the prices of mortgage backed financial bonds and securities, which are known to follow the stock market movements on a regular basis. As the stock market waned by the end of the day and left the DJIA index at 15337.70, the bank moved along the same path and published its mortgage rate accordingly. Irrespective of the interest rates, the stock price of COF shares increased by +0.59% and closed at a new price mark of 67.60.
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