Current Mortgage Interest Rates Remained Steady at Capital One Financial on July 7, 2014

Current Mortgage Interest Rates Remained Steady at Capital One Financial on July 7, 2014

At the beginning of a new trading week, the benchmark 30 year fixed mortgage home loan rates are no holding firm at the popular US based mortgage lender, Capital One Financial Corp. The qualified borrowers, who are planning on securing ideal fixed as well as flexible home loan deals from Capital One to fund their new realty investment, will find no change in the respective lending rates on July 7, 2014.Starting off with the standard, long term offerings, the 30 year fixed rate mortgage options can now be seen advertised at the same lending rates of 4.250% and backed by an annual percentage rate of 4.279% today. For the borrowers interested in walking down the shorter road to finance their home purchase, the bank is currently offering its 15 year fixed rate mortgage home loans at an interest rate of 3.375% and an APR yield of 3.461% today.

The mortgage shoppers, who are planning on securing required amount of funds from Capital One to fund their new and expensive realty investments, can opt for the jumbo variants of 30 year fixed rate mortgage home loan deals, which are now traded at an interest rate of 4.625% and an annual percentage yield of 4.650% today. In the short term lending division, the jumbo versions of 15 year fixed rate mortgage deals can be seen coming out at an interest rate of 4.000% and an APR yield of 4.042%.

In the adjustable rate mortgage home loan section, the interested customers can find the ideal 5 year flexible rate home loan schemes being listed at a starting interest rate of 3.125% and backed by an APR yield of 2.916%. Alternatively, the mortgage shoppers, who are planning on securing more flexible home loans, can spot the 7 year adjustable rate mortgage home loans being traded at an interest rate of 3.250% and being backed by an APR yield of 3.026% to start with.

The mortgage interest rates published by the banks generally move up and down depending upon the regular changes experienced by the prices of mortgage backed bonds and securities, which are known to follow the stock market movements closely. As the Wall Street plummeted towards the end of the trading day and left the DJIA index at 15337.70, Capital One walked in the same direction and quoted its mortgage home loan rates accordingly. Irrespective of changes in the mortgage rates, the stock price of the COF shares moved up by +0.59 and closed at a new price mark 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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

Rob is a analyst and reporter covering stocks and business news.