At the beginning of a new trading week, the potential home buyers are likely to find no change in the interest rates at which the standard fixed and flexible rate mortgage deals are being advertised at Capital One Financial Corp (NYSE: COF) on February 10, 2014. Despite the regular ups and downs faced by the present day financial market, the mortgage lender gave a pleasant treat to the mortgage shoppers by keeping its lending rates steady this Monday.
In the standard, long term, home loan section, the bank is currently offering its 30 year fixed rate mortgage home loans at an interest rate of 4.250% and an annual percentage rate of 4.253% today. However, for the mortgage shoppers who find 30 year home loan options to be quite expensive and are looking for some cheaper alternatives, the 15 year fixed rate mortgage plans would be an ideal pick at an interest rate of 3.375% and an APR yield of 3.381% today.
The potential home buyers, who are looking forward to have their expensive home purchase investments financed from Capital One Financial, can find ideal deals matching their needs and wants in the jumbo loan section of the bank’s loan portfolio. As of now, the bank is offering its best 30 year jumbo fixed rate mortgage loans at an interest rate of 4.125% and an APR yield of 4.126%. On the other hand, the relatively shorter, 15 year jumbo fixed rate mortgage deals are coming out at a lending price of 3.375% and are backed by an APR yield of 3.377% today.
When it comes to the adjustable rate mortgage division, the mortgage shoppers can spot the best 5 year variable rate home loan deals being published against a lending rate of 3.000% and accompanied by an annual return rate of 2.8395 to begin with. However, the more flexible, 7 year adjustable rate mortgage deals can be had at an interest rate of 3.375% and an annual return rate of 3.041% on the initial amount of loan taken from the bank.
The home loan rates quoted by banks are usually affected by the change in the overall price change tasted by the mortgage backed bonds and securities, which generally trail the stock market movements on any normal trading day. As the stock market waned closer to the end of the trading day and reduced the DJIA index by -113.35, the bank followed its footsteps for publishing its lending rates. Regardless of the mortgage rates, the stock price of COF shares improved by +0.88% and closed at 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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