Current Mortgage Home Loan Rates Remain Steady at Capital One on June 26, 2014

Mortgage Home Loan Rates Remain Steady at Capital One on June 26, 2014This Thursday, which is usually known as a carrier of bad news for the interested mortgage shoppers, proved to be a happy one for the mortgage customers of Capital One Financial Corp (NYSE: COF). In the new mortgage data released by the bank on June 26, 2014, the interested customers will find no relative change in the benchmark 30 year fixed mortgage interest rates and the lending rates of other mortgage options.

To start with, in the standard, long term, home loan section, the interested customers can find the 30 year fixed rate mortgage home loans being listed at an interest rate of 4.125% and an annual percentage rate of 4.153% today. For the mortgage shoppers, who want to secure shorter and less expensive home loans, the bank is offering 15 year fixed rate mortgage plans at an interest rate of 3.250% and an APR yield of 3.317% today.The potential home buyers, who are planning on financing their expensive realty investments financed through Capital One bank, can opt for the jumbo variants of its popular 30 year fixed rate mortgage loans at an interest rate of 3.250% and an APR yield of 3.317%. The relatively shorter, 15 year jumbo fixed rate mortgage deals can now be seen coming out at a lending rate of 3.750% and being accompanied by an APR yield of 3.774% this Thursday.

As far as adjustable rate mortgage options are concerned, the interested borrowers can spot the best 5 year variable rate home loan deals being advertised at an interest rate of 3.000% and carry an annual return rate of 2.862% to start with. The more flexible, 7 year adjustable rate mortgage deals are now up for grabs at an interest rate of 3.125% and an annual return rate of 2.985% on the principal amount of home loan secured from the bank.

The mortgage lending rates quoted by the bank are normally affected by the upward and downward movement in the overall price changes experienced by the mortgage backed bonds and securities, which are known to follow the stock market movements closely. As the stock market plummeted towards the end of the trading day and left the DJIA index by at 15337.70, the bank moved along the same path for publishing its lending rates. Regardless of the mortgage rates, the stock price of COF shares experienced a hike of +0.88% and reached 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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

Rob is a analyst and reporter covering stocks and business news.