Minor Changes in the Mortgage Interest Rates at Capital One on April 1, 2014

At the beginning of a new month, the US based mortgage provider, Capital One Financial Corp (NYSE: COF), made no change to its benchmark 30 year fixed mortgage interest rates, which are sitting at the same spot as yesterday. However, according to the new mortgage charts published by the bank on April 1, 2014, the mortgage shoppers, who are looking forward to secure finances for their expensive home investments, might have to deal with increased lending rates today.

To start off, in the standard, long term home financing division, the lender is charging an interest price of 4.375% from and offering an annual percentage yield of 4.378% to the borrowers, who are interested in securing the 30 year fixed rate mortgage home loan deals today. On the other hand, the borrowers who wish to take the shorter route for financing their new home purchase can opt for the ideal 15 year fixed rate mortgage home loan packages, which are now being traded at an interest rate of 3.500% and are accompanied by an annual return rate of 3.506% today.

In the exclusive lending section, the potential home buyers, who are looking forward to have their expensive home purchase financed from Capital Bank, can spot jumbo versions of the popular 30 year fixed rate mortgage loans listed against a lending rate of 4.375% and an annual percentage return equivalent to 4.376% today. Alternatively, in the short term lending section of the loan portfolio, the bank publishes its 15 year jumbo fixed rate mortgage deals at an interest rate of 3.875% and an APR yield of 3.877%.

When it comes to the flexible financing options, the mortgage shoppers can find the best 5 year adjustable rate mortgage home loans being traded at a starting interest price of 3.000% and carrying an APR yield of 2.839% to begin with. On the other hand, for the borrowers seeking more flexibility in terms of interest rates, the bank is currently offering its 7 year variable rate mortgage packages at an interest rate of 3.375% and an APR yield of 3.041% during the initial years of the home loan tenure.

The mortgage interest rates quoted by banks normally go up and down on the basis of price changes experienced by the mortgage backed financial instruments, which are known to tail the stock market movements on a normal trading day. As the Wall Street lost its ground towards the end of the trading day, and pushed the DJIA index down to 15337.70, Capital One took the same path for publishing its lending rates. Irrespective of the mortgage rates, the stock price of COF shares moved up by +0.59 and closed at 67.60 price points 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.

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.