Defying the movement of several other mortgage lenders, the US based mortgage lender, Capital One Financial Corp (NYSE: COF), decided to make some improvements in its standard 30 year fixed mortgage home loan rates on July 9, 2014. The qualified borrowers, who are aiming at securing ideal home loan deals for funding their home purchase, will find the ideal options traded at somewhat reduced interest rates this Wednesday.
A closer look at the mortgage information published by the US based mortgage provider on July 9, 2014, will reveal that the standard, long term, 30 year fixed rate mortgage home loans are traded at an interest rate of 4.125% and are backed by an annual percentage rate of 4.174%. The shorter, 15 year fixed rate mortgage options can now be secured by bearing an interest rate of 3.375% and agreeing to an annual return rate to 3.442% today.
For the mortgage shoppers, who are planning on having their expensive realty investment funded through Capital One Financial, jumbo versions of the popular 30 year fixed rate mortgage packages can be seen quoted at a lending rate of 4.500% and an APR yield of 4.514, which is higher than the percentage return offered by the non-jumbo loans. The relatively shorter, 15 year jumbo fixed rate mortgage home loans are now up for grabs at an interest rate of 3.875% and an annual return rate of 3.917% today.
As far as the flexible lending options are considered, the potential home buyers can spot the best 5 year adjustable rate mortgage deals being listed against an interest charge of 3.125% and coming along with an APR yield of 2.906% to begin with. The more flexible, 7 year adjustable rate mortgage loans can now be locked in at a starting interest rate of 3.250% and an annual percentage yield of 3.006% to begin with.
The mortgage interest rates quoted by banks often move up and down depending upon the regular fluctuations in the prices of mortgage backed bonds and securities, which are known to walk along the stock market movements on any normal trading day. As the Wall Street plummeted towards the end of the trading day and left the DJIA index at 15337.70, Capital One followed its footsteps and published its mortgage interest rates accordingly. Regardless of the mortgage rates, the COF share prices moved up by +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.
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