For the potential home buyers, who are seeking financial assistance from Capital One Financial for backing their expensive realty investments, jumbo versions of its popular 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.250%, along with an annual return rate of 4.251%, which are higher than the return rate offered by conventional home loans. The relatively shorter, 15 year jumbo fixed rate mortgage home loans can be secured by bearing an interest rate of 3.750% and an annual return rate of 3.381% today.
As far as adjustable rate mortgage home loan deals are considered, the potential home buyers can opt for the best 5 year variable mortgage packages, which are now coming out at an interest rate of 3.000% and are backed by an annual percentage rate of 2.839% to begin with. The mortgage shoppers, who are looking for more flexibility in terms of interest rates, 7 year adjustable rate mortgage home loans would be ideal options at a starting interest rate of 3.375% and are carrying an APR yield of 3.041% during the starting years of the home loan tenure.
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 a normal trading day, are known to follow the movements of stock market. As the stock market plummeted by the end of the trading day, leaving the DJIA index behind at a lower mark of 15337.70, Capital One Financial took the lead and quoted its interest rates accordingly. Irrespective of the mortgage interest rates, the stock price of COF shares increased by +0.88% and closed at a new price point of 67.60.
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.