For the borrowers, who are seeking financial assistance for backing their expensive real estate investments, the US based mortgage lender offers the jumbo variants of its popular 30 year fixed rate mortgage home loans at an interest rate of 4.250%, along with an annual percentage yield of 4.251%, which is certainly a bit higher than the non-jumbo home loans offered by the bank. On the contrary, the 15 year jumbo fixed rate mortgage home loans can be secured at an interest rate of 3.875% and an APR yield of 3.877% today.
When it comes to the flexible home financing division, the potential home buyers can spot the best 5 year deals being advertised at a starting interest rate of 3.000% and carrying an annual return rate of 2.839% to begin with. However, the customers, who are looking for more flexible home loan rates, can find the 7 year adjustable rate mortgage home loans plans being listed at a starting rate of 3.375% and being backed by an APR yield of 3.041% today.
The mortgage home loan rates quoted by banks are generally affected by the rise or fall in the prices of mortgage backed financial bonds and securities, which, on any normal trading day, move along the stock market. As the financial market plummeted towards the end of the trading day, putting the DJIA index at a reduced level of 15337.70, Capital One Financial moved in the same direction and published its lending rates accordingly. Irrespective of the interest rates, the stock price of COF shares rose up by +0.59 and closed at a new price point of 67.60.
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