Current mortgage rates at Capital One Financial (December 12, 2013)

Current mortgage rates at Capital One Financial December 12 2013As another week is heading towards its end, the benchmark 30 year mortgage interest rates are swaying between the acceptable and danger limits at several top mortgage lenders. However, the interest rates at which the home purchase and refinancing loan options are coming out at Capital One Financial Corp (NYSE: COF) have remained unchanged on December 12, 2013.

For the borrowers looking for long term financing options, the best 30 year fixed rate mortgage deals are offered at an interest rate of 4.375% and carry an APR yield of 4.404%. On the other hand, the short term, 15 year fixed rate mortgage loans can be had at an interest cost of 3.500% and an APR yield of 3.549% by the borrowers who are not willing to take the longer route for home financing.

In the jumbo financing division, the customers can find ideal home loans for financing their bigger home dreams. The bank offers best 30 year fixed rate mortgage loans to the interested customers at an interest cost of 4.625% and an APR yield of 4.639%. On the other hand, the 15 year jumbo fixed rate mortgage home loans have been published at a rate of 3.875% and carry an annual percentage rate of 3.899%.

The variable financing options, which are known for their flexible rates of interest, are also included in the bank’s loan books at the same rates as yesterday. The interested customers can find the 5 year adjustable rate mortgage loans can be seen listed at a rate of 3.000% and carry an APR yield of 2.945%. The more flexible, 7 year adjustable rate mortgage loans are quoted at a rate of 3.375% and come along with a starting APR return of 3.133%.

The mortgage interest rates published by the bank normally fluctuate on the basis of the price of mortgage backed securities and bonds traded by banks in the financial markets, which partially tail the stock market movements.

As the overall stock market lost its ground by the end of the trading day and resulted in a -0.73% fall in the DJIA index, Capital One Financial followed the same movement and published its mortgage rates accordingly. However, independent from the mortgage interest rates, Capital One Financial’s share prices increased by +0.88% and reached a new price mark of 67.60 at the end of another trading day at the Wall Street.

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.