This Monday didn’t bring along any pleasant surprise or unpleasant news for the interested home loan borrowers. The potential home buyers, who are planning on visiting Capital One Financial Corp (NYSE: COF) to lock in an ideal home loan deal, will find no relative change in the benchmark 30 year fixed mortgage interest rates on March 3, 2014.
Starting off with the long term mortgage offerings, Capital One bank currently published its standard 30 year fixed rate mortgage home loans against an interest charge of 4.250% and an annual percentage rate of 4.253% today. On the other hand, the mortgage shoppers who are interested in taking the short route to home financing, 15 year fixed rate mortgage loan packages would be an ideal pick at an interest rate of 3.375% and an APR yield of 3.381% today.
At times, the potential home buyers find it difficult to acquire an ideal home loan for their expensive realty investments. For such troubled home loan shoppers, the US based mortgage lender offers its best 30 year jumbo fixed rate mortgage home loan deals at an interest cost of 4.125% and an annual return of 4.126% today. However, the short term, 15 year jumbo fixed rate mortgage home loan schemes can be seen coming out at an interest price of 3.625% and an APR yield of 3.627%.
As far as the variable rate lending options are considered, the interested borrowers can find the ideal 5 year adjustable rate mortgage home loans being traded at a starting interest rate of 2.875% and carrying an APR yield of 2.796%. However, for the mortgage shoppers keen on securing more flexible home loans, the bank is currently offering its 7 year adjustable rate mortgage home loan plans at an interest rate of 3.250% and an annual percentage return of 2.983% on the initial amount of home loan taken from the bank.
The mortgage home loan rates quoted by banks are normally affected by the regular movements in the price of mortgage backed financial bonds and securities, which generally move along the stock market movements. As the Wall Street lost its ground towards the end of the trading day and left the DJIA index at 15337.70 after a fall of -113.35, the bank moved along in the same direction and published its mortgage interest rates accordingly. However, irrespective of mortgage interest rates, the stock price of COF shares touched new heights of 67.60 after a rise of +0.88% 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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