Mortgage Home Loan Rates Experience No Movement at Capital One on March 27, 2014

This week, for the fourth day in a row, Capital One Financial Corp (NYSE: COF) didn’t change the interest rates at which the home purchase and refinancing home loans are coming out on March 27, 2014. This Thursday, the benchmark 30 year fixed mortgage interest rates are sitting at the same point as in yesterday’s rate charts, which is likely to have no impact on the overall sales of Capital One loan products in the market.

Today, in the standard, long term home financing section, the bank is offering its 30 year fixed rate mortgage home loan deals at an interest price of 4.375% and an annual percentage rate of 4.378% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan deals are being tagged at an interest rate of 3.500% and are carrying an annual return rate of 3.506%.

For the mortgage shoppers, who are looking forward to make an expensive home investment and are hoping to have it financed from Capital One, jumbo versions of the popular 30 year fixed rate mortgage home loan packages would be an ideal pick at an interest rate of 4.375% and an annual percentage return equivalent to 4.376%, which is certainly higher than the conventional home loan deals of similar tenure. However, the shorter, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans can be locked in at an interest price of 3.875% and an annual percentage yield of 3.506% this Thursday.

When it comes to the flexible home loan deals, the interested customers can find the best 5 year adjustable rate mortgage home loan plans being traded at a starting interest rate of 3.000% and an annual return rate of 2.839% to begin with. Alternatively, the more flexible, 7 year adjustable rate mortgage home loan schemes can be secured by bearing a lending charge of 3.375% and agreeing to an APR yield of 3.041% during the starting years of the home loan tenure.

The home loan rates published by banks are normally affected by the price fluctuations that the mortgage backed bonds and securities experience when there is any movement in the stock markets on a normal trading day. As the stock market plummeted close to the end of the trading day and left the DJIA index behind at 15337.70, Capital One moved in the same direction and quoted its lending rates accordingly. However, regardless of the mortgage rates, the stock prices of COF shares increased by +0.88% and reached a new price mark of 67.60 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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About the author

Rob is a analyst and reporter covering stocks and business news.