Continuing with its steady run, Capital One Financial Corp (NYSE: COF) did not make any change in the lending rates at which its standard home purchase and refinancing home loan deals are coming out on January 23, 2014. The borrowers visiting the local office of Capital One will find no relative change in the benchmark 30 year fixed mortgage interest rates in the new mortgage information released by the US based mortgage lender today.
This Thursday, the interested borrowers can acquire the standard, long term, 30 year fixed rate mortgage home loans at an interest price of 4.375% and an APR yield of 4.378%. On the other hand, the short term lending section highlights the 15 year fixed rate mortgage packages with an interest cost of 3.500% and an APR yield of 3.506 % today.
The borrowers who are planning on getting their expensive home purchase investment financed from Capital One Financial can go for the jumbo versions of the 30 year fixed rate mortgage loans, which are now traded at a rate of 4.625% and are backed by an APR yield of 4.626%. The short term, 15 year jumbo FRM home loans are now up for grabs at an interest cost of 4.000% and an APR yield of 4.002% today.
For the mortgage shoppers who are looking forward to enjoy more flexibility in terms of interest rates, the bank offers its best 5 year adjustable rate mortgage home loan plans at an interest cost of 3.125% and an annual return of 2.965% today. However, the more flexible, 7 year adjustable rate mortgage deals are now carrying an interest price of 3.500% and an APR yield of 3.167% to start with.
The mortgage interest rates quoted by banks are certainly affected by the fluctuation in the rates of mortgage backed bonds and securities traded by bank in financial markets, which are known to tail the movements of stock markets. As the stock market experienced a fall by the end of the trading day, leaving the DJIA index hanging at 15337.70 after a decline of -113.35, the bank travelled down the same road for quoting the new mortgage rates. However, regardless of mortgage rates, the stock price of COF shares improved by +0.59 and touched a new level 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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