The benchmark 30 year fixed mortgage rates as well as the interest rates at which refinancing loans are traded at Capital One Financial Corp (NYSE: COF) ticked up on December 9, 2013. The home purchase and refinancing mortgages have probably become less popular in the eyes of potential borrowers at the beginning of the new week.
The prospective home buyers, who choose to visit Capital One Financial today, will come across a higher interest rate of 4.500% and an annual percentage rate of 4.529% published against the standard 30 year fixed rate mortgage loans. On the other hand, the popular 15 year, short term fixed rate mortgage deals are now being traded at a rate of 3.500% and come along with an APR yield of 3.549%.
For the borrowers who are interested in financing their bigger needs, the mortgage lender includes jumbo 30 year fixed rate mortgage home loans in its portfolio at a rate of 4.625% and an APR yield of 4.639%, which is relatively higher than the APR yield that comes along with conventional home loan deals. Likewise, the 15 year jumbo fixed rate home loans can be had by bearing an interest burden of 4.000% and an annual percentage yield of 4.024%.
In some cases, the borrowers are always looking for ideal financing deals that come along with variable, or rather to say, flexible mortgage interest rates. Any such mortgagors visiting Capital One Financial today can find the 5 year adjustable rate mortgage deals published at a lending rate of 3.000% and accompanied by an APR yield of 2.945%. However, the more flexible, 7 year ARM loans are up for grabs at an interest cost of 3.375% and an annual percentage yield of 3.133%.
The fresh home and refinancing mortgage interest rates are normally affected by the fluctuations in the rates of mortgage backed financial instruments traded by the bank, which mostly trail the stock market movement on any normal working day.
However, today, as the securities plummeted by the end of the trading day and left the DJIA index stranded at 15337.70, Capital One Financial Corp did not tail the index to the south. More specifically, the stock prices of COF shares jumped up by +0.88% and closed at a new price point of 67.60 by the end of the trading day.
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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