Capital One’s Mortgage Interest Rates on June 12, 2014

Capital One's Mortgage Interest Rates on June 12, 2014

Moving along with its usual pricing course, the benchmark 30 year fixed mortgage interest rates experienced no favorable or unfavorable movement at Capital One Financial Corp (NYSE: COF) on June 12, 2014. The potential home buyers, who are planning on securing new home loan deals from Capital One Bank, will find no change the interest rates today, which is certainly not capable of changing the overall demand of COF loan products in the market.To start with, in the standard, long term home loan division, the mortgage provider is now offering its 30 year fixed rate mortgage home loans at an interest rate of 4.125% and an annual percentage rate of 4.185% this Thursday. The mortgage shoppers, who are planning on securing relatively shorter lending options, can opt for the ideal 15 year fixed rate mortgage home loan deals, which are now traded at an interest rate of 3.375% and an annual percentage yield of 3.424% today.

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.

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.