No Change in the Mortgage Interest Rates at Capital One Bank on March 10, 2014

After putting up a good fight against the changing market conditions for the past few days, the benchmark 30 year fixed mortgage interest rates at Capital One Financial Corp (NYSE: COF) remained steady on March 10, 2014. This Monday, the US based mortgage provider did not make any change to the lending rates at which its fixed and flexible home loan deals are coming out today.

As of now, the mortgage shoppers would have to deal with an interest burden of 4.375% and agree to an annual percentage rate of 4.378% for acquiring the standard, long term, 30 year fixed rate mortgage home loan deals. However, the seekers of relatively shorter, 15 year fixed rate mortgage home loans will have to bear an interest cost equivalent to 3.500% and an annual return rate of 3.506%, for walking down the shorter route.

For the borrowers, who are planning on purchasing an expensive home and are looking forward to seek monetary help from Capital One Financial, the ideal 30 year jumbo fixed rate mortgage home loan packages would be an ideal pick at an interest rate of 4.500% and an annual yield equivalent to 4.501%, which is definitely higher than the conventional home loan deals. On the other hand, the somewhat shorter, 15 year jumbo fixed rate mortgage home loan plans are coming out at an interest rate of 3.875% and are backed by an annual return rate of 3.877% today.

As far as the adjustable rate mortgage home loan offers are considered, the interested customers can spot the best 5 year variable rate deals being published against a starting interest price of 3.000% and yielding an APR of 2.839% today. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan schemes can be found listed against an interest rate of 3.375% and an annual percentage yield of 3.041% on the initial amount of home loan sanctioned by the bank.

The mortgage interest rates quoted by banks often fluctuate depending upon the changes experienced by the mortgage backed financial securities and bonds, which are known to trail the stock market movements on any normal trading day. As the stock market lost its ground towards the end of the trading day and left the DJIA index at 15337.70, the bank moved along the same direction for quoting its mortgage home loan rates. Irrespective of the rates, the stock prices of COF shares touched new heights and reached a price mark of 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.