Daily Mortgage Rates Summary : Capital One Financial (February 17, 2014)

Known for its inexpensive closing costs and highly competitive lending rates, Capital One Financial Corp (NYSE: COF) published the same benchmark 30 year fixed mortgage interest rates on February 17, 2014. This Monday, the bank also joined the league of several other major mortgage lenders, who, with the aim of maintaining a steady demand of loan products, published same mortgage rates today.

As of now, the eligible borrowers will have to deal with an interest price of 4.250% and an agree to an annual percentage rate of 4.253% today, for acquiring the standard, long term, 30 year fixed rate mortgage home loans. However, from the seekers of relatively shorter, 15 year fixed rate mortgage home loan deals, the bank is now charging a lending price of 3.375% and offering an annual percentage rate of 3.381% today.

The mortgage shoppers, who are planning on investing in expensive homes and are seeking out financial help from Capital One bank, can spot the ideal 30 year jumbo fixed rate mortgage home loan plans published in the bank’s books against a lending charge of 4.125% and an APR yield of 4.126% today. On the other hand, the shorter, 15 year jumbo fixed rate mortgage plans can be locked in at an interest cost of 3.500% and an annual percentage return rate of 3.502% today.

When it comes to the flexible home loan department, the bank is offering the best 5 year variable rate mortgage home loan deals at a starting interest cost of 3.000% and an annual return equivalent to 2.839% to begin with. However, for the borrowers who want more flexibility, the bank is now offering its 7 year adjustable rate mortgage deals at an interest rate of 3.375% and an APR yield of 3.041% for the initial period of the home loan.

The mortgage home loan rates tend to fluctuate on the basis of price changes experienced by the mortgage backed financial instruments, which, on any normal trading day, are known to follow the footsteps of stock markets. As the stock market plummeted by the end of the trading day and left the DJIA index hanging around at 15337.70, after a fall of -0.73%, the bank moved along the same path for quoting its home loan rates. Irrespective of the lending rates, the stock prices of COF shares moved up by +0.59 and crossed a new price level of 67.60 towards the end of the trading day. 

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.