Mortgage Home Loan Rates at Capital One Financial (1/3/2014)

Mortgage Home Loan Rates at Capital One FinancialThis Friday, Capital One Financial Corp (NYSE: COF) decided to not surprise the potential borrowers by quoting the same benchmark 30 fixed mortgage interest rates on January 3, 2014. The customers looking forward to seek financial help from Capital One for their new home investments or refinancing needs today will find no change in the lending rates at which the ideal loans are coming out.

As per the new mortgage information released by the bank online, the standard 30 year fixed rate mortgage loans are being traded at an interest rate of 4.625% and come along with an APR yield of 4.628% today. Alternatively, the short term, 15 year counterpart of the 30 year fixed rate mortgage home loans deals are now being traded at a rate of 4.750% and carry an annual percentage rate of 3.631% today.

For the borrowers interested in getting their higher home investments financed by the US based mortgage lenders, the 30 year jumbo fixed rate mortgage packages would be an ideal choice at a rate of 4.750% and come along with an APR yield of 4.751% today. However, the short term, 15 year jumbo fixed rate home loans are coming out at an interest rate of 4.125% and are accompanied by an annual return of 4.127% today.

The mortgage borrowers interested in having more flexible interest rates can go for the adjustable rate financing options available at the bank. The interested customers can find the best 5 year adjustable rate mortgage home loan deals published against a lending charge of 3.375% and offer an APR yield of 3.052%. However, the more flexible, 7 year adjustable rate mortgage home loan options are now trading at a rate of 3.750% and provide an APR yield of 3.285% to start with.

The mortgage home loan rates published by banks fluctuate on the basis of changes in the prices of the mortgage backed financial bonds and securities, which closely follow the stock market movements. As the stock market plummeted by the end of the day and left the DJIA index 15337.70 following a decrease of -113.35, Capital One Financial followed the movement closely for publishing its mortgage home loan rates. However, regardless of the mortgage rates, the stock prices of the COF shares increased by +0.59 and reached a new price point 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.