Current Mortgage Interest Rates at Capital One Bank on June 30, 2014

Current Mortgage Interest Rates at Capital One Bank on June 30, 2014

Following the lead of every other mortgage lender, the popular US based financier, Capital One Financial Corp (NYSE: COF), did not make any pleasant or unpleasant change to its benchmark 30 year fixed mortgage interest rates on June 30, 2014. This Monday, the quailed home loan borrowers will find the fixed as well as flexible home loan deals being listed against the same interest rates, which is surely ought to affect the overall demand of Capital One’s loan products in the market.As per the most up to date mortgage information released by the bank this Monday, the standard, long term, 30 year fixed rate mortgage home loans can be seen traded at an interest rate of 4.000% and being backed by an annual percentage yield of 4.070%. The relatively shorter, 15 year fixed rate mortgage home loans are now up for grabs at an interest rate of 3.250% and an APR yield of 3.299% today.

For the mortgage shoppers, who are planning on securing finances to deal with their expensive realty investments, Capital One bank offers jumbo versions of its popular 30 year fixed rate mortgage home loan plans at an interest rate of 4.250% and an APR yield of 4.264%. The relatively shorter and the less expensive, 15 year jumbo fixed rate mortgage home loan schemes can be locked in at an interest rate of 3.750% and an annual return rate of 3.774% today.

Heading towards the flexible home loan division, the potential home buyers, who are interested in locking in home loans at variable interest rates, can opt for the best 5 year adjustable rate mortgage loans, which are now up for grabs at an interest rate of 3.000% and an annual percentage rate of 2.862% during the starting years of the home loan deals. The more flexible, the 7 year adjustable rate mortgage home loan options can be seen advertised at a lending rate of 3.125% and being backed by an APR yield of 2.948% on the principal amount of home loan taken from the bank.

Mortgage interest rates published by the bank normally move up and down depending upon the change in prices of mortgage backed financial bonds and securities traded in the financial market, which are known to fluctuate with the current stock market movements. As the Wall Street waned towards the end of the trading day and left the DJIA index at 15337.70, the bank followed its footsteps blindly and published its mortgage interest rates accordingly. Irrespective of the rates, stock price of COF shares reached a new mark of 67.60 after a hike of +0.59 price points today.

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.