Staying harmless in the regularly changing economy and housing market, the benchmark 30 year fixed mortgage interest rates at Capital One Financial Corp (NYSE: COF) didn’t experience any positive or negative change on June 4, 2014. The eligible mortgage shoppers, who are planning on securing fixed or flexible home loan deals from Capital One today, will find no change in the lending rates as compared to yesterday’s figures.
To start with, in the standard, long term home loan section, the bank is offering its 30 year fixed mortgage interest rates at an interest rate of 4.125% and an annual percentage rate of 4.185% this Wednesday. For the borrowers interested in walking down a shorter route to home financing, the 15 year fixed rate mortgage loans would be an ideal pick at an interest rate of 3.375% and an annual return rate of 3.424% today.
The potential home buyers, who are seeking ideal finances to fund their expensive realty investments, can lock in the jumbo versions of the 30 year fixed rate mortgage home loan deals, which are now traded at an interest price of 4.250% and an annual percentage yield of 4.264% today. In the short term lending department, the 15 year jumbo fixed rate mortgage home loan packages are listed at an interest rate of 3.750% and an APR yield of 3.774% this Wednesday.
In the adjustable rate mortgage home loan section, the interested borrowers can spot the 5 year variable rate home loan options being advertised at a starting interest rate of 3.000% and are backed by an APR yield of 2.872% to begin with. The mortgage shoppers, who are seeking more flexibility in terms of lending rates, can opt for the 7 year adjustable rate mortgage home loans, which are now available at an interest rate of 3.250% and an APR yield of 3.006% during the starting years of the home loan period.
The mortgage interest rates quoted by banks are normally affected by the regular ups and downs experienced by the prices of mortgage backed bonds and securities traded in the financial markets, which are known to trail the stock market movements on a normal trading day. As the stock market plummeted towards the end of the trading day and left the DJIA index at 15337.70, Capital One followed its footsteps blindly for publishing its mortgage home loan rates. Irrespective of changes in the mortgage rates, the stock price of the COF shares moved up by +0.88% and reached 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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