Current Mortgage Interest Rates Remain Firm at Capital One Financial on July 14, 2014

Mortgage Interest Rates Remain Firm at Capital One Financial on July 14, 2014

At the beginning of a new trading week, the US based mortgage provider, Capital One Financial Corp (NYSE: COF) decided to make no pleasant or unpleasant change to its benchmark 30 year fixed mortgage interest rates on July 14, 2014. Today, the qualified borrowers, who are planning on securing ideal finances to fund their new home purchase, will find no change in the fixed as well as flexible interest rates as compared to the figures recorded towards the end of the previous week.As per the most up to date mortgage information published by the bank on July 14, 2014, the standard, long term, 30 year fixed rate mortgage home loans are now up for grabs at an interest rate of 4.125% and are backed by an annual percentage rate of 4.153%. The borrowers, who find 30 year deals to be quite expensive and are looking for something less expensive, can opt for the relatively shorter and cheaper 15 year fixed rate mortgage home loan deals, which are now advertised at an interest price of 3.250% and are accompanied by an APR yield of 3.335% today.

The potential home buyers, who are looking forward to finance their pricey home investments through Capital One bank, can now opt for the jumbo versions of its popular 30 year fixed rate mortgage home loans, which can be seen advertised at lending cost of 4.375% and backed by an annual return rate of 4.389%. Alternatively, the shorter, 15 year counterparts of the 30 year jumbo fixed rate home loan packages can now be seen tagged at an interest cost of 3.875% and an annual percentage yield of 3.899%.

When it comes to flexible lending options, the interested customers can find the best 5 year adjustable rate mortgage deals being listed at an interest rate of 3.000% and carrying an APR yield of 2.872% during the starting years of the home loan period. The more flexible, 7 year adjustable rate mortgage loans are now up for grabs at an interest rate of 3.125% and an APR yield of 2.968% on the principal amount of home loan sanctioned by the bank.

The lending rates quoted by banks are normally affected by favorable and unfavorable changes in the prices of mortgage related financial bonds and securities, which normally move along the stock market sentiments. As expected, Capital One followed the stock market’s movement, and with a fall of -0.73% in the DJIA index, quoted its mortgage interest rates today. Irrespective of mortgage interest rates, the stock price of COF shares increased by +0.59 price points and closed at a new mark of 67.60 this Monday.

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.