Mainly popular for its nominal closing costs and reasonable lending rates, Capital One Financial Corp (NYSE: COF) decided to live up to its status and publish unchanged benchmark 30 year fixed mortgage interest rates on February 28, 2014. Without any intentions of giving the potential customers an unpleasant surprise, the US based mortgage provider made no absolute change to its fixed as well as flexible lending rates this Friday.
As per the new mortgage rate chart released by the bank, the standard, long term, 30 year fixed rate mortgage home loans are now being traded at an interest rate of 4.250% and an annual percentage yield of 4.253% today. On the other end, in the short term home financing section, the bank publishes its popular 15 year fixed rate mortgage home loan plans at a lending charge of 3.375% and an annual percentage return rate of 3.381% today.
The potential customers, who are planning on making an expensive realty investment and are looking forward to seek adequate financial help for doing so, can opt for the ideal 30 year jumbo fixed rate mortgage home loans from Capital One Financial, which are currently being listed at an interest cost of 4.125% and are backed by an annual return rate of 4.126%. Alternatively, the short term, 15 year jumbo fixed rate mortgage home loan deals are being tagged at an interest price of 3.500% and are offering an APR yield of 3.502% today.
For the mortgage shoppers, who are willing to taste more flexible lending rates for a relatively shorter tenure, Capital One Financial publishes its best 5 year adjustable year mortgage home loans in its loan books at a starting interest price of 2.875% and an annual percentage rate of 2.796% to begin with. On the other hand, the more flexible, 7 year variable rate home loans are up for grabs at a lending rate of 3.250% and are accompanied by an annual return rate yield of 2.983% on the initial amount of home loan taken from the bank.
The mortgage interest rates quoted by all major banks are affected by the upward and downward movement experienced by the prices of mortgage backed financial bonds and securities, which trail the stock market movements on a normal trading day. As the Wall Street plummeted by the end of the trading day, putting the DJIA index down to 15337.70, Capital One Financial took the lead and moved along the same direction for publishing its mortgage interest rates. However, the stock price of BBT shares rose up by +0.59 and reached a new price level 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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