Higher Mortgage Interest Rates at Capital One Financial on July 4, 2014

Higher Mortgage Interest Rates at Capital One Financial on July 4, 2014Straying away from its usual path, Capital One Financial Corp (NYSE: COF), made some unpleasant changes to its benchmark 30 year fixed mortgage interest rates on July 4, 2014. The qualified borrowers, who are planning on visiting the local branches of Capital One bank today, will find the ideal home purchase loans being traded at little hiked fixed as well as flexible lending rates as compared to yesterday.

As per the new mortgage rate charts released by the bank today, the standard, long term, 30 year fixed mortgage home loan plans can be seen advertised at a lending rate of 4.250% and being backed by an annual percentage rate of 4.279% today. The mortgage shoppers, who are interested in shorter and less expensive home loans, can find the 15 year fixed rate mortgage home loan plans being traded at an interest price of 3.375% and an APR yield of 3.461% today.The potential home buyers, who are looking forward to make an expensive realty investment and are looking forward to have it financed through Capital One, can now opt for the jumbo versions of its popular 30 year fixed rate mortgage home loan deals, which are now offered by at a lending price of 4.625% and an APR yield of 4.650% today. The relatively shorter, 15 year jumbo fixed rate mortgage home loans are now up for grabs at an interest rate of 4.000% and an annual return rate of 4.042% today.

When it comes to flexible home financing deals, the interested borrowers can find the best 5 year adjustable rate mortgage home loan packages being traded at a lending rate of 3.125% and backed by an annual return rate of 2.916% today. The more flexible, 7 year adjustable rate mortgage home loan deals are now up for grabs at a starting interest rate of 3.250% and an annual percentage yield of 3.026% on the principal amount of home loan secured from the bank.

The mortgage interest rates published by banks are normally affected by the upward and downward movement in price of mortgage backed bonds and securities, which are known to follow the stock market movements closely. As the Wall Street plummeted towards the end of the trading day, leaving the DJIA index behind at 15337.70, Capital One Financial took the lead and moved in the same direction to quote its mortgage interest rates. However, regardless of the lending rates, the stock prices of COF shares increased by +0.88% and closed at 67.60 this Friday.

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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

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