Mortgage Interest Rates at Capital One Financial on March 4, 2014

Following its usual pricing policy, Capital One Financial Corp (NYSE: COF) made no relative change to its benchmark 30 year fixed mortgage interest rates on March 4, 2014. Though other banks made pleasant and unpleasant changes to their interest rates, Capital One chose to trade its fixed and flexible home loan deals at the same interest rates today.

As of now, in the new mortgage rate charts released by the bank today, the standard 30 year fixed rate mortgage home loans are coming out at an interest cost of 4.250% and are backed by an annual percentage rate of 4.253%. However, the mortgage shoppers, who are willing to lock short term home loan deals, can opt for the 15 year fixed rate mortgage loans at an interest price of 3.375% and an annual percentage yield of 3.381% today.

For the potential home buyers, who are planning on making an expensive home investment and are hoping to have it financed from Capital One Financial, the 30 year jumbo fixed rate mortgage home loans will be an ideal pick at an interest rate of 4.125% and an APR yield of 4.126% today. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loan plans can be locked in at an interest price of 3.625% and an APR yield of 3.627% this Tuesday.

The mortgage shoppers, who are looking forward to acquire ideal home loan deals at variable interest rates, can find perfect options listed in the adjustable rate mortgage section of the bank’s loan portfolio. As of now, the 5 year adjustable rate mortgage loans are coming out at a starting interest price of 2.875% and are backed by an APR yield of 2.796% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loans can be found being traded at an interest rate of 3.250% and carrying an APR yield of 2.983%.

The mortgage interest rates quoted by banks normally register upward and downward movements depending upon the changes in the prices of mortgage backed mortgage backed bonds and securities, which move according to the stock market movements. By the end of the trading day, as the stock market waned and left the DJIA index at 15337.70, the bank blindly moved along the same path for quoting its interest rates. However, the stock price of COF shares reached new heights of 67.60 after a sudden hike of +0.885 today. 

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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About the author

Rob is a analyst and reporter covering stocks and business news.