This Wednesday, with the aim of offering inexpensive mortgage deals to the interested customers, Capital One Financial Corp (NYSE: COF) made no change to its benchmark 30 year fixed mortgage interest rates. As of now, the potential home buyers, who plan on paying a visit to the home loan section of Capital One on May 28, 2014, will find the ideal fixed and flexible home loan offerings being traded at the same interest rates as yesterday.
Today, in the standard, long term home financing section, the 30 year fixed mortgage home loans are now coming out at an interest rate of 4.125% and an annual percentage rate of 4.153%. In the relatively shorter home financing section, the 15 year fixed rate mortgage home loans are being traded at an interest price of 3.250% and an annual percentage yield of 3.317% this Wednesday.
This Wednesday, the mortgage shoppers, who are looking forward to have their pricey real estate investment financed through Capital One bank, can actually secure the jumbo versions of 30 year fixed rate mortgage home loans at an interest rate of 4.125% and an annual percentage rate of 4.159%. For the seekers of somewhat shorter lending options, the 15 year counterparts of the 30 year jumbo fixed rate mortgage home loan packages are now published at an interest rate of 3.625% and can be spotted carrying an annual return rate of 3.667% today.
For the potential home buyers, who have a special yearning for flexible home loan deals, the bank offers its best 5 year adjustable rate mortgage home loan packages at an interest rate of 3.000% and an annual percentage rate of 2.862% on the principal amount of home loan taken from the bank. In the more flexible home loan section, 7 year adjustable rate mortgage home loans are being backed by an interest cost of 3.250% and an annual percentage rate of 3.006% during the initial years of the home loan tenure.
The lending rates quoted by banks are generally affected by the regular upward and downward movement in the prices of mortgage backed financial bonds and securities, which normally trail the stock market movements on an average trading day. As the stock market plummeted towards the day’s end and left the DJIA index at 15337.70, after reducing by -113.35, Capital One tracked the movement and published its mortgage interest rates accordingly. Regardless of the mortgage rates, the stock price of COF shares hiked by +0.59 and reached 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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