Mortgage Interest Rates at Capital One Financial Remained Unchanged on July 2, 2014

Mortgage Interest Rates at Capital One Financial Remained Unchanged on July 2, 2014Moving along a steady line, the benchmark 30 year fixed mortgage interest rates remained steady at the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF) on July 2, 2014. As per the new mortgage information released by the bank this Wednesday, the interested borrowers, who want to fund their realty investments through Capital One, can today find the ideal options coming out at same interest rates as yesterday.

To start with, in the standard, long term section of Capital One Bank, the eligible borrowers can find the 30 year fixed rate mortgage home loans being listed at an interest rate of 4.125% and carrying an annual percentage rate of 4.153%. In the relatively short term home loan section, the potential customers can spot the best 15 year fixed rate mortgage home loans being traded at an interest rate of 3.250% and being backed by an annual return rate of 3.317% today.For the mortgage shoppers, who are planning on backing their expensive real estate investments, Capital One quotes jumbo versions of its best 30 year fixed rate mortgage home loans at an interest rate of 4.250% and an annual percentage yield of 4.264%, which is somewhat higher than the APR yield offered by non-jumbo home loans. The relatively shorter, 15 year jumbo fixed rate mortgage deals are no up for grabs at an interest rate of 3.750% and an APR yield of 3.774% today.

In the variable rate home financing section, the bank currently offers its ideal 5 year adjustable rate mortgage loans at a starting interest rate of 3.000% and an APR yield of 2.872% during the initial years of home loan period. In the more flexible lending division, 7 year adjustable rate mortgage home loans can be seen listed at an interest rate of 3.125% and an APR yield of 2.968% to start with.

The mortgage interest rates published by banks move up and down depending upon the changes in the prices of mortgage backed financial bonds and securities, which are known to move along with the stock market movements on a usual trading day. As the market plummeted by the end of the trading day and left the DJIA index at 15337.70, the bank moved along the same path and quoted its mortgage interest rates. Irrespective of the mortgage rates, the stock price of COF shares tasted a hike of +0.59 and closed at a higher mark of 67.60.

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.