Maintaining its usual pace, Capital One Financial Corp (NYSE: COF), chose to keep its benchmark 30 year fixed mortgage interest rates steady on April 14, 2014. This Monday, the ideal fixed and flexible home loan deals can be seen coming out of the US based mortgage lender at the same interest rates as last week, which is probably a result of the gradual downfall in the volume of mortgage loan sales in the past few months.
For the potential home buyers, who planning on having their expensive home investments backed from Capital One bank, the jumbo versions of 30 year fixed rate mortgage deals would be ideal options at an interest rate of 4.250% and an APR yield of 4.251%, which is higher than the conventional home loans available with the bank. On the other hand, the short term, 15 year jumbo fixed rate mortgage home loan options can be locked in at an interest rate of 3.750% and an APR yield of 3.752% this Monday.
As far as the flexible lending options are considered, the bank is offering its best 5 year adjustable rate mortgage schemes at a starting interest rate of 2.875% and an annual return rate equivalent to 2.796%during the starting years of the loan. Alternatively, the more flexible, 7 year adjustable rate mortgage deals are now up for grabs at a lending rate of 3.250% and an APR yield of 2.983% on the initial amount of the loan sanctioned by the bank.
The mortgage rates published by banks fluctuate on the basis of changes experienced by the mortgage backed financial bonds and securities, which are known to tail the stock market movements. As the Wall Street lost its ground by the end of the trading day, leaving the DJIA index at 15337.70, Capital One moved in the same direction for quoting its mortgage interest rates. Irrespective of the lending rates, the stock price of COF shares experienced as hike of +0.88% and reached a new price mark 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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