At the popular US based mortgage provider, Capital One Financial Corp (NYSE: COF), the benchmark 30 year fixed mortgage interest rates are holding firm on June 10, 2014. Though several banks made pleasant/unpleasant changes to their interest rates, the mortgage shoppers can find the fixed as well as flexible home loan deals being available at same interest rates as yesterday.
In the flexible home loan division, the bank is now offering its best, 5 year adjustable rate mortgage home loans, at a starting interest rate of 3.000% and an annual return rate of 2.882% on the principal amount of home loan secured from the bank. The more flexible, 7 year adjustable rate mortgage deals are now up for grabs at an interest rate of 3.250% and an annual percentage return of 3.016% during the initial years of home loan tenure.
The mortgage interest rates published by the bank normally move up and down depending upon the changes in the prices of mortgage backed financial bonds and securities, which are known to move along the stock market on a normal trading day. As Wall Street waned by the end of the trading day, leaving the DJIA index at 15337.70, the bank followed its footsteps blindly for quoting its mortgage interest rates. Irrespective of the mortgage home loan rates, the stock price of COF shares experienced some improvement and reached a new price mark of 67.60 towards the end of the trading day.
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