Mortgage Interest Rates Remain Steady at Capital One Financial on March 17, 2014

The US based mortgage provider, Capital One Financial Corp (NYSE: COF), made no relative change to its benchmark 30 year fixed mortgage interest rates on March 17, 2014. As per the new mortgage rate chart released by the bank this Monday, the ideal home purchase loans are coming at the same interest rates as yesterday, thereby helping the bank maintain a steady demand of its loan products in the market.

To start with, in the standard, long term home financing section, the 30 year fixed rate mortgage home loans can be seen listed against an interest rate of 4.250% and carrying an annual percentage rate of 4.253% today. On the other hand, the mortgage shoppers who are keen on heading down the short road, 15 year fixed rate mortgage home loans can prove to be an ideal option at an interest price of 3.375% and an annual return rate of 3.381% today.

The mortgage borrowers, who are interested in securing ideal home loans for financing their expensive home investment, can opt for the jumbo versions of the 30 year fixed rate mortgage home loan deals, which are now coming out at an interest rate of 4.250% and an annual percentage yield of 4.251% today. However, in the short term lending section, the 15 year jumbo fixed rate mortgage home loans can be found published against a lending charge of 3.750% and backed by an annual return rate of 3.752% today.

For the mortgage shoppers, who are interested in obtaining home finances at flexible interest rates, the bank is currently offering its ideal 5 year adjustable rate mortgage home loans at a starting interest price of 2.875% and an annual percentage rate of 2.796% during the initial years of the home loan tenure. On the other hand, for the seekers of more flexible home loan rates, the bank is currently offering its 7 year variable rate mortgage packages at an interest cost of 3.250% and an APR yield of 2.983% on the primary amount of loan sanctioned by the bank.

The mortgage rates quoted by banks are generally affected by the fluctuations in the prices of mortgage backed financial securities and bonds, which are known to trail the stock market movements in a normal trading day. As the stock market lost its ground by the end of the trading day, leaving the DJIA index at 15337.70 after a fall of -113.35, the bank moved along the same path for quoting its interest rates. However, the stock price of COF shares touched new heights and reached 67.60 after a hike of +0.59 today. 

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.