As per the most up to date mortgage data released by the popular US based mortgage provider, Capital One Financial Corp (NYSE: COF), the benchmark 30 year fixed mortgage interest rates are holding firm on May 9, 2014. The potential home buyers will now find the fixed and flexible home loan deals being traded at the same interest rates as yesterday, which is highly unlikely to disturb the demand of COF home loans in the market.
Sometimes, the potential home buyers might require additional funds for financing their major realty investments. Mortgage shoppers with such distinct needs can lock in the jumbo versions of the popular 30 year fixed rate mortgage home loan schemes being traded at an interest rate of 4.250% and an annual return rate of 4.251%. In the short term lending section, the 15 year jumbo fixed rate mortgage home loans are can be spotted sitting next to an interest rate of 3.750% and carrying an APR yield of 3.752% this Friday.
As far as the adjustable rate mortgage financing options are concerned, the best 5 year variable rate home loan deals can be locked in at an interest cost of 3.000% and an APR yield of 2.839% during the starting years of the home loan tenure. For the borrowers looking for more flexibility in terms of interest rates, the 7 year adjustable rate mortgage deals would serve as ideal options at a starting interest rate of 3.250% and an annual return rate of 2.983% to start with.
The mortgage interest rates quoted by banks tend to change on the basis of price fluctuations in the mortgage backed financial securities, which generally move along the stock market sentiments. As the stock markets declined close to the end of the trading day, leaving the DJIA index at 15337.70, Capital One Financial moved in the direction of Wall Street movements and published its mortgage home loan rates. Regardless of the interest rates, the stock prices of the COF shares increased by +0.59 to touch a new price mark of 67.60.
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