Daily Mortgage Rates Update at Capital One Financial on May 27, 2014

Daily Mortgage Rates Update at Capital One Financial on May 27, 2014

Regardless of the volatile market conditions, the popular US based mortgage provider, Capital One Financial Corp (NYSE: COF), made no change to its benchmark 30 year fixed mortgage interest rates on May 27, 2014. As per the most up to date information made available by the lender today, the ideal home purchase and refinancing home loan deals are coming out at the same interest rates as yesterday.This Tuesday, in the standard, long term home loan section, the bank quotes its 30 year fixed rate mortgage home loan packages at an interest price of 4.125% and an annual percentage rate of 4.153%. For the borrowers, who are willing to take a stroll down the shorter route for financing their realty investment, the 15 year fixed rate mortgage loans are ideal options at an interest rate of 3.250% and an APR yield of 3.299% today.

In the exclusive home financing division, the potential borrowers, who are interested in financing their expensive home investments through Capital One, can spot jumbo variants of the popular 30 year fixed rate mortgage deals being traded at an interest rate of 4.125% and carrying an annual return rate of 4.149%, which is higher than the rates offered by non-jumbo loans available with the bank. However, the short term, 15 year jumbo fixed rate mortgage home loan plans are now being traded at an interest rate of 3.625% and are accompanied by an APR yield of 3.667% today.

For the mortgage shoppers, who are interested in more variable interest rates, the bank offers its best, 5 year, adjustable rate mortgage home loan plans at a starting interest rate of 3.000% and an annual return rate of 2.862% on the principal amount of home loan taken from the bank. In the more flexible lending zone, 7 year adjustable rate mortgage deals are listed next to an interest rate of 3.250% and an APR yield of 3.006% during the initial years of the home loan tenure.

The interest rates published by banks normally move up and down on the basis of changes experienced by the mortgage backed financial bonds and securities, which normally follow the stock market movements. As the stock market waned by the end of the trading day, leaving the DJIA index behind at 15337.70, Capital One moved in the same direction and quoted its mortgage interest rates. However, the stock price of COF shares experienced a hike of +0.59 and reached a new price mark 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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About the author

Rob is a analyst and reporter covering stocks and business news.