With other mortgage lenders taking their interest rates to all new heights, the potential home buyers can enjoy a sigh of relief when it comes to Capital One Financial Corp (NYSE: COF). As per the new mortgage information released by the lender on April 30, 2014, the benchmark 30 year fixed mortgage interest rates are moving along the same lines as yesterday and the day before that, thereby giving no reason to the prospective customers to choose other lender’s products over COF home loans.
This Wednesday, the potential home buyers will find the standard, long term, 30 year fixed rate mortgage home loan deals being quoted at the same interest rate of 4.250% and carrying an annual percentage rate of 4.253% in the home loan portfolio of the US based mortgage lender. On the other hand, the popular, short term, 15 year fixed rate mortgage loans are now up for grabs at an interest rate of 3.500% and an annual return rate of 3.506% today.
When it comes to financing an expensive real estate investment, Capital One steps forward for the assistance of its customers by offering the jumbo variants of its popular 30 year fixed rate mortgage home loans at an interest rate of 4.375%, which come along with an annual percentage yield of 4.376%. However, in the short term jumbo financing section, the interested borrowers can spot the 15 year fixed rate mortgage loans being traded at an interest rate of 3.875% and an APR yield of 3.877% today.
As far as the flexile home loan deals are concerned, the bank is now offering its best 5 year adjustable rate mortgage loan packages at an interest rate of 3.000% and an APR yield of 2.839% during the starting years of the home loan period. However, in the more flexible lending section, the 7 year adjustable rate mortgage loans are being listed against an interest rate of 3.375% and an APR yield of 3.041% this Wednesday.
The mortgage rates published by banks might move up or down on the basis of price changes experienced by the mortgage backed financial bonds and securities, which are known to follow the stock market movements. As the Wall Street waned by the end of the trading day and left the DJIA index at 15337.70, the mortgage rates at Capital One moved in the same direction. However, irrespective of the mortgage rates, the stock price of the COF shares increased by +0.88% and reached a new price mark of 67.60 today.
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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