According to the most recent mortgage information released by Capital One Financial Corp (NYSE: COF) on June 16, 2014, the benchmark 30 year fixed mortgage interest rates have been holding steady. The interested borrowers, who are planning on having their new home purchase financed by ideal home loan deals from Capital One Bank, will find no change in the fixed as well as flexible lending rates today.
For the mortgage shoppers, who are looking forward to enjoy more flexibility in terms of interest rates, the bank is offering its best 5 year adjustable rate mortgage home loans at a starting interest rate of 3.125% and an annual yield of 2.906% to start with. The more flexible, 7 year adjustable rate mortgage packages are now up for grabs at an interest rate of 3.125% and an APR yield of 2.906% on the principal amount of home loan acquired from the bank.
The mortgage home loan rates quoted by banks often move up and down on the basis of alternations in the prices of mortgage backed bonds and securities, which are known to move along the stock market movements. As the Wall Street lost ground towards the end of the trading day and left the DJIA index at a lower level of 15337.70, the bank followed its footsteps for quoting its lending rates. However, the stock price of COF shares experienced a hike of +0.88% and reached a new price mark of 67.60 today.
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