Mortgage Home Loan Rates Drive Steady at Capital One on January 6, 2014

Mortgage Home Loan Rates Drive Steady at Capital One on January 6 2014The first Monday of this new year brought along a piece of good news for the Capital One Financial Corp (NYSE: COF) customers. Today, the potential home buyers, who are looking forward to seek financial help from Capital One Financial for financing their home investment, will find the benchmark 30 year fixed mortgage interest rates hanging around the same place as last week.

A closer look at the mortgage information released by the US based lending on January 6, 2014, will reveal that the standard 30 year fixed rate mortgage home loans are still coming out at the same interest rate of 4.625% and are accompanied by an annual percentage rate of 4.628%. Alternatively, the shorter, 15 year fixed rate mortgage options can be obtained by paying an interest cost of 3.750% and agreeing to an annual return equivalent to 3.756% of the initial amount of loan taken from the bank.

For the mortgage shoppers with expensive home financing needs, Capital One Financial offers jumbo lending options at impressive rates of interest. As of now, the 30 year jumbo fixed rate mortgage packages are published in the bank’s books at a lending rate of 4.750% and an APR yield of 4.751% today. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loans can be locked in at an interest rate of 4.000% and an annual return of 4.002% today.

Switching to the flexible lending division, the potential home buyers will find the best 5 year adjustable rate mortgage deals being published against a lending charge of 3.250% and coming along with an APR yield of 3.008% to start with. The more flexible, 7 year adjustable rate mortgage loans are up for grabs at a starting rate of 3.625% and an APR yield of 3.226%.

The mortgage interest rates published by banks often go up and down on the basis of regular fluctuations in the prices of mortgage backed securities, which stalk the stock market movements on any normal trading day. As the financial market traveled south by the end of the trading day and dropped the DJIA index by -113.35, Capital One blindly walked on the same path for publishing its mortgage interest rates. However, regardless of the mortgage rates, the COF share prices ticked up by +0.88% and closed at 67.60 by the end of the trading day.

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.