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.
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