Mortgage Interest Rates Remain Steady at Capital One Financial on February 11, 2014

At the US based mortgage lender, Capital One Financial Corp (NYSE: COF), the fixed and flexible home loans are coming out at unchanged lending rates on February 11, 2014. Though the other mortgage lenders did make some improvement or unpleasant changes to their mortgage interest rates, Capital One decided to keep its benchmark 30 year fixed rate mortgage rates steady this Tuesday.

As per the latest mortgage information available for the interested borrowers, the standard, long term, 30 year fixed rate mortgage deals can be locked in at an interest rate of 4.250% and an annual percentage rate of 4.253% today. However, for those who find the 30 years deals to be a bit expensive, the bank now offers its short term, 15 year fixed rate mortgage home loan packages at a lending rate of 3.375% and an APR yield of 3.381%.

The potential home buyers, who are planning on purchasing an expensive home and are looking forward to have their investment financed through Capital One bank, can go for the ideal 30 year jumbo fixed rate mortgage home loans at an interest price of 4.125% and an APR yield of 4.126% today. On the other hand, the relatively shorter, 15 year jumbo fixed rate mortgage home loan packages can be had at an interest rate of 3.500% and an APR yield of 3.502%.

For the borrowers, who are looking forward to obtain home loans at variable interest rates, the bank is offering its best 5 year adjustable rate mortgage home loans at a starting rate of 2.875% and an annual return rate of 2.796% today. However, the more flexible, 7 year adjustable rate mortgage deals can be locked in at an interest rate of 3.375% and an annual return rate of 3.041% on the initial amount of home loan acquired from the bank.

The mortgage home loan rates quoted by the bank are normally affected by the changes in the prices of mortgage backed financial instruments, which normally trail the stock market movements on a normal trading day.  As the stock market waned by the end of the trading day and left the DJIA index at 15337.70, the bank moved along the same path for quoting its mortgage interest rates. However, regardless of the mortgage home loan rates, the stock price of COF shares registered some improvement and closed at a new price mark of 67.60 towards the close of the trading day.

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.