Mortgage Interest Rates at Capital One on May 26, 2014

Mortgage Interest Rates at Capital One on May 26, 2014

Maintaining its pace, the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF) chose to retain its old benchmark 30 year fixed mortgage interest rates on May 26, 2014. The interested mortgage shoppers can today spot the ideal home purchase and best refinancing home loan deals being traded at the same lending rates as yesterday, thereby no affecting the overall demand of COF loan products in the market.As of now, in the latest mortgage charts released by the bank today, the standard, long term, 30 year fixed rate mortgage loans are coming out at an interest rate of 4.125% and an annual percentage rate of 4.153%. For the seekers of short term home loans, the 15 year fixed rate mortgage plans can be seen traded at an interest price of 3.250% and carrying an annual return rate of 3.299% this Monday.

The potential home buyers, who are planning on having their pricey realty investments financed through Capital One Financial, can opt for the jumbo variants of the popular 30 year fixed rate mortgage home loans, which are traded at an interest price of 4.125% and are backed by an APR yield of 4.149% today. In the short term lending section, the bank lists its 15 year jumbo fixed rate mortgage home loans at an interest rate of 3.625% and an APR yield of 3.667% this Monday.

In the adjustable rate mortgage home loan department, the interested borrowers can spot the best, 5 year mortgage home loan deals coming out at an interest rate of 3.000% and are carrying an APR yield of 2.862% to start with. The borrowers, who are looking for more flexibility in terms of lending rates, 7 year adjustable rate mortgage deals would be ideal options at an interest rate of 3.250% and an APR yield of 3.006% during the starting years of the home loan tenure.

The mortgage rates quoted by banks are normally affected by the price changes experienced by mortgage backed securities and bonds traded in the financial markets, which generally move along the stock market movements on a normal trading day. As the stock market waned by the end of the trading day, leaving the DJIA index behind at 15337.70, Capital One followed the footsteps blindly and quoted the interest rates. Regardless of the mortgage rates, the stock price of the COF shares increased by +0.59 and closed at a new price 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.