Following a sudden spike last week, Capital One Financial Corp (NYSE: COF) chooses to publish the same benchmark 30 year fixed rate mortgage rates on November 25, 2013. For the borrowers interested in taking home loans from the bank, it would be ideal to stop waiting for the rates to come down and stop by a local branch today.
In the Capital One’s long term mortgage offerings, the standard 30 year fixed rate mortgage loans continue being given away at an interest rate of 4.250% and still carry the same annual percentage yield of 4.279%. On the other hand, the shorter, 15 year fixed mortgage loans are now listed at a rate of 3.375% and yield yearly percentage rate of 3.424%.
For the seekers of some bigger options for fulfilling bigger dreams, the bank provides 30 year Jumbo fixed rate mortgage options at an interest rate of 4.375%, which carry an interest APR yield of 4.389%. However, for those who seek a shorter route to reach the final destination, the bank provides 15 year Jumbo fixed rate mortgage deals at an interest rate of 3.750% and APR yield of 3.774% today.
In the adjustable rate mortgage department, the bank makes every possible attempt to cater to the needs of borrowers who want something more flexible in terms of interest rates. As of now, the mortgagors can acquire the best 5 year adjustable rate mortgage loans at an interest rate of 3.000% and an APR yield, which shows cost of the loan on per annum basis, of 2.945%. For the admirers of more flexible financing options, Capital One Financial lists the popular 7 year adjustable rate mortgage loans at an interest charge of 3.375% and are accompanied by an APR yield of 3.133%.
Since the calculations are based on the assumptions that the borrowers possess an excellent credit history, the mortgage rates are subject to change without any prior notice from the bank. Moreover, mortgage rates are often affected by the price of mortgage bonds and securities, which often follow the movement of stock markets.
By the end of the trading day, the stock market plunged by -113.35 and closed at the DJIA index mark of 15337.70. The mortgage interest rates at Capital One Financial followed the same movement. However, irrespective of the home loan rates, the stock prices of COF increased by +0.88% and touched a new level of 67.60 by the day’s end.
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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