The benchmark 30 year fixed mortgage interest rates are holding steady at Capital One Financial (NYSE: COF) on January 30, 2014. As per the new mortgage information released by the bank this Thursday, the mortgage shoppers will find no absolute change in the interest rates at which the standard, flexible and jumbo home loan deals are coming out of the bank.
A closer look at the new mortgage charts revealed that the standard, 30 year fixed mortgage home loan plans are advertised at a rate of 4.250% and are backed by an annual percentage rate of 4.253% today. On the other hand, the ideal 15 year, short term, fixed rate mortgage home loan deals are being traded at an interest price of 3.875% and an annual percentage rate of 3.506% today.
For the borrowers, who are planning on visiting the local branch of Capital One Financial for financing their expensive home purchase, the bank has 30 year jumbo fixed rate home loans to offer at an interest cost of 4.500% and an annual return rate of 4.501% today. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loan plans can be locked in at an interest rate of 3.875% and an annual percentage yield of 3.877%.
Heading towards the adjustable rate mortgage lending wing, the potential customers can spot the best 5 year deals being published against a lending charge of 3.000% and an annual percentage rate of 2.921% to begin with. However, in the more flexible lending section, the bank offers its 7 year adjustable rate mortgage home loan deals at a starting interest rate of 3.375% today, which come along with an annual return of 3.109% on the initial amount of loan taken from the bank.
The mortgage interest rates published by banks are often fluctuating depending upon the changes experienced by the mortgage backed financial securities, which are known to tail the stock market movements on any normal trading day. As the stock market lowered by the end of the trading day, leaving the DJIA index hanging at 15337.70 after a fall of -0.73%, the bank moved along the same path for publishing its mortgage rates. However, the stock prices of COF shares ticked up by +0.59 and touched a new price level 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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