For the mortgage shoppers, who are planning on making an expensive realty investment and are seeking monetary assistance from Capital One Financial, jumbo versions of its popular 30 year fixed rate mortgage home loan packages would be ideal options at an interest rate of 4.125% and an annual percentage yield of 4.138%, which is relatively higher than the conventional home loan deals. The somewhat shorter, 15 year jumbo fixed rate mortgage home loan plans are now up for grabs at an interest rate of 3.625% and are carrying an annual return rate of 3.649% today.
Heading towards the flexible home loan division, the interested customers can opt for 5 year adjustable rate home loan plans being listed at an interest price of 2.875% and yielding an APR of 2.829% during the starting years of the home loan period. The more flexible, 7 year adjustable rate mortgage home loan packages can be found published at an interest rate of 4.000% and an annual percentage yield of 3.360% on the principal amount of home loan acquired from the bank.
The mortgage interest rates published by banks move up and down depending upon the changes in the mortgage backed financial securities and bonds, which generally move along the stock market movements on any normal trading day. As the stock market waned towards the end of the trading day and left the DJIA index at 15337.70, the bank followed its footsteps and quoted its mortgage home loan rates. Regardless of the interest rates, the stock prices of COF shares reached a new price mark of 67.60 after a hike of +0.88% today.
For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.