The benchmark 30 year fixed mortgage interest rates showed no change at Capital One Financial Corp (NYSE: COF) on May 6, 2014 after registering minor improvement yesterday. As of now, for the eligible borrowers, who are planning on dropping by the local branches of Capital One Bank, the ideal fixed and flexible home loan deals are coming out at unchanged interest rates today, thereby making no change in the overall demand of COF loan products in the market.
Looking at the most up to date rate charts issued by the US based mortgage lender, the standard, long term, 30 year fixed rate mortgage home loan deals can be spotted sitting next to an interest rate of 4.125% and an annual percentage rate of 4.128% this Tuesday. On the contrary, the relatively shorter, 15 year fixed rate mortgage home loan plans are quoted at an interest rate of 3.375% and are backed by an APR yield of 3.381%.
For the seekers of bigger financing options, Capital One Financial publishes jumbo variants of its popular 30 year fixed rate home loan plans in its home loan portfolio at a lending rate of 4.250%, along with an APR yield of 4.251% today. On the other hand, the short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans are coming out at an interest rate of 3.750% and are carrying by an APR yield of 3.752%.
As far as the adjustable rate mortgage options are considered, the US based mortgage provider is offering its 5 year variable rate home loan deals at a starting interest rate of 2.875% and an annual percentage yield of 2.796% during the starting years of the home loan tenure. However, the more flexible, 7 year category loans are now being traded at an interest rate of 3.250% and an annual return rate of 2.983% to begin with.
The mortgage interest rates published by banks often fluctuate depending upon the upward and downward movement experienced by the prices of mortgage backed bonds and securities traded in the financial markets, which are normally follow the movements of stock market. As the Wall Street waned by the end of the trading day and left the DJIA index at 15337.70, Capital One Financial followed its footsteps blindly for publishing its home loan interest rates. However, regardless of the lending rates, the stock prices of COF shares hiked by +0.88% and closed at a new price point 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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