Mortgage Interest Rates Remained Steady at Capital One Financial on April 4, 2014

A closer look at the recent mortgage charts released by Capital One Financial Corp (NYSE: COF) on April 4, 2014, will reveal that the standard home purchase and refinancing loans are still being traded at the same lending rates as yesterday. The most up to date information shows no change in the benchmark 30 year fixed mortgage interest rates at the US based lender, which certainly points towards the steady market demand that the bank’s loan products will enjoy in the market today.

To begin with, in the standard, long term lending section, Capital One highlights its ideal 30 year fixed rate mortgage home loans at an interest rate of 4.375% and an annual percentage rate of 4.378% today. However, on the other hand, the relatively shorter, 15 year fixed rate mortgage home loan plans can be locked in at an interest price of 3.500% and an annual percentage yield of 3.506% this Friday.

For the mortgage shoppers, who are interested in making an expensive realty investment and are looking forward to have it financed through Capital One bank, can opt for the jumbo variants of the popular 30 year fixed rate mortgage home loans, which are now coming out at an interest rate of 4.375% and are backed by an annual return rate of 4.376% today. Alternatively, the short term, 15 year jumbo fixed rate home loans can be secured by bearing an interest cost of 3.875% and agreeing to an APR yield of 3.877% today.

As far as the flexible home loan deals are considered, the potential borrowers can spot the best 5 year adjustable rate mortgage loan packages being published next to an interest charge of 3.000% and being backed by an APR yield of 2.839% to start with. However, the borrowers seeking more flexibility in terms of interest rates can reap the benefits of the 7 year variable rate mortgage home loan deals, which are now being traded at an interest rate of 3.375% and an APR yield of 3.041% on the initial amount of home loan secured from the bank.

The mortgage rates published by banks usually move up and down on the basis of changes in the prices of mortgage backed financial securities, which normally tail the stock market movements blindly. As the stock market lost its ground by the end of the trading day, and left the DJIA index at 15337.70, Capital One moved along the same path for quoting its interest rates. However, the stock price of COF shares moved up by +0.59 and reached a new price mark of 67.60 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.