Daily Mortgage Interest Rates Summary at Capital One (July 10, 2014)

Daily Mortgage Interest Rates Summary at Capital One (July 10, 2014)As another trading week is coming to its end, the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF), decided to make no change to its benchmark 30 year fixed mortgage interest rates on July 10, 2014. The mortgage shoppers, who are willing to fund their realty investment from Capital One today, can spot the ideal fixed as well as flexible mortgage deals being traded at the same interest rate as yesterday.

In the standard, long term, home loan division, the bank now lists its 30 year fixed rate mortgage home For the potential home buyers, who find 30 year home loan options to be quite expensive and are planning on finding something cheaper, the 15 year fixed rate mortgage plans would prove to be a perfect choice at an interest rate of 3.375% and an APR yield of 3.461% this Thursday.The mortgage shoppers, who are planning on having their expensive home purchase investments funded through Capital One Financial, can opt for the jumbo variants of the 30 year fixed rate mortgage loan, which are now backed by an interest rate of 4.500% and an APR yield of 4.514%. The relatively shorter, 15 year jumbo fixed rate mortgage deals are now up for grabs at a lending cost of 3.875% and are backed by an APR yield of 3.917% today.

As far as the adjustable rate mortgage options are concerned, the interested customers can spot the best 5 year variable rate home loan deals being listed against a lending price of 3.125% and being backed by an annual return rate of 2.906% during the starting years of the home loan period. The more flexible, 7 year adjustable rate mortgage deals can now be locked in at an interest rate of 3.250% and an annual return rate of 3.006% on the principal amount of loan taken from the bank.

The mortgage rates published by banks are normally affected by the change in the prices of mortgage backed bonds and securities traded in the financial market by banks, which are known to follow the stock market movements closely. As the Wall Street plummeted towards the end of the trading day and reduced the DJIA index by -113.35, the bank moved along the same path for quoting its mortgage rates. Irrespective of the mortgage rates, the stock price of COF shares tasted a hike of +0.59 and reached a new price point 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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Rob is a analyst and reporter covering stocks and business news.