As per the most up to date mortgage information made available by Capital One Financial Corp (NYSE: COF), the benchmark 30 year fixed mortgage interest rates are holding their ground on March 18, 2014. As compared to the yesterday’s figures, the lending rates at which the fixed and flexible home loan deals are coming out haven’t changed a bit, which might make the bank’s loan products somewhat more popular in the eyes of the potential mortgage shoppers.
Starting off with the standard, long term offerings of Capital One Financial, the 30 year fixed rate mortgage home loans are being advertised at an interest rate of 4.250% and are carrying an annual percentage rate of 4.253% today. On the other hand, in the short term lending section, the interested borrowers can find the best 15 year fixed rate mortgage home loan deals being published next to an interest charge of 3.375% and an APR yield of 3.381%.
The potential borrowers, who are looking forward to have their expensive home investments financed from the US based lender, can reap the benefits of the jumbo versions of 30 year fixed rate mortgage home loans, which are now available for an interest price of 4.375% and are offering an annual return rate of 4.376% today, which is higher than the other non-jumbo lending options. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loans can be locked in at an interest cost of 3.750% and are accompanied by an APR yield of 3.752% today.
When it comes to the adjustable rate mortgage section, the interested borrowers can spot the ideal 5 year variable rate home loan deals being advertised at a starting interest rate of 3.000% and an APR yield of 2.839% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan packages are up for grabs at a lending price of 3.375% and an APR yield of 3.041% on the initial amount of home loan sanctioned by the bank.
The mortgage interest rates quoted by the banks fluctuate depending on the upward and downward movement experienced by the prices of mortgage backed financial bonds and securities, which move along the stock market movements on a normal trading day. As the stock market lost its ground towards the end of the trading day, leaving the DJIA index at -113.35, Capital One Financial moved along the same path for publishing its interest rates. However, the price of the COF shares increased by +0.59 and touched a new price level 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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