No Change in the Mortgage Interest Rates at Capital One Financial on April 22, 2014

No Change in the Mortgage Interest Rates at Capital One Financial on April 22, 2014

Moving down the same road, the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF), decided to keep its benchmark 30 year fixed mortgage interest rates steady on April 23, 2014. According to the most up to date mortgage information made available by the bank this Wednesday, the eligible mortgage borrowers will have to deal with the same interest rates as yesterday for securing ideal fixed as well as flexible home loan deals today.

Starting off with the standard, long term, 30 year fixed rate mortgage home loan deals, the bank is charging an interest rate of 4.375% from, and offering an annual percentage rate of 4.378% to, the eligible home loan borrowers today. However, when it comes to financing a new home purchase with short term mortgage deals, the relatively shorter, 15 year fixed rate mortgage home loans can be seen coming out at an interest rate of 3.500% and an APR yield of 3.506% this Wednesday.

For the home loan seekers, who plan on financing their expensive real estate investments through Capital One Financial, the jumbo versions of popular 30 year fixed rate mortgage home loan plans would be an ideal pick at an interest price of 4.375% and an annual return rate of 4.376% today. Alternatively, the 15 year jumbo fixed rate mortgage home loans can be secured at an interest price of 3.875% and an annual percentage yield of 3.877% this Wednesday.

Heading towards the flexible home loan division, the interested borrowers can spot the best 5 year adjustable rate mortgage loan packages being advertised at a starting interest rate of 3.000% and an annual return rate of 2.839% to begin with. On the contrary, in the more flexible lending section, the 7 year adjustable rate mortgage deals can be seen coming out at an interest rate of 3.375% and an APR yield of 3.041% during the starting years of the home loan tenure.

The mortgage rates quoted by banks are altered depending upon the rise and fall in the prices of mortgage backed financial securities, which move in the direction of stock markets on any normal trading day. As the stock market lost its ground by -113.35 and left the DJIA index at 15337.70, Capital One moved along the same path to publish its mortgage interest rates. However, the stock price of COF shares hiked by +0.59 and reached a new mark of 67.60.

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.