No Major Change in the Mortgage Home Loan Interest Rates at Capital One this Thursday, May 1, 2014

No Major Change in the Mortgage Home Loan Interest Rates at Capital One this Thursday, May 1, 2014Providing its customers the much needed respite from regularly fluctuating interest rates in the market, the US based mortgage lender, Capital One Financial Corp (NYSE: COF), made no change to its benchmark 30 year fixed mortgage interest rates on May 1, 2014. A closer look at the most up to date mortgage information released by the bank today will reveal that the ideal fixed and flexible home loan deals are being traded at the same lending rates as yesterday and the day before that, and so on, heading back to over a month of steady interest rates now.

Among the standard, long term home loan offerings of Capital One Financial, the 30 year fixed rate mortgage home loan plans are being listed in the loan portfolio at an interest rate of 4.250% and an annual percentage rate of 4.253% this Thursday. On the other hand, for the borrowers interested in taking the relatively shorter route to home financing, the bank offers its best, 15 year fixed rate, home loan deals at an interest rate of 3.375% and an annual percentage yield of 3.381%.

For the potential home buyers, who are seeking sufficient funds to finance their pricey home investment, the bank publishes jumbo versions of its popular 30 year jumbo fixed rate mortgage home loan schemes against a lending cost of 4.250% and an annual return rate of 4.251%. On the contrary, the short term, 15 year jumbo fixed rate mortgage home loan schemes are up for grabs at an interest rate of 3.875% and an annual percentage yield of 3.877% today.

For the admirers of flexible rates of interest, the 5 year adjustable rate mortgage plans would be ideal financing options at an interest rate of 2.875% and an APR yield of 2.796%. However, for the mortgage shoppers with more flexible home loan needs, the bank is offering its 7 year adjustable rate mortgage home loan packages at an interest rate of 3.250% and an annual return rate of 2.983%.

The home loan rates published by banks experience upward and downward movement depending upon the fluctuations in the prices of mortgage backed financial bonds and securities, which move along stock markets on a normal trading day. As the Wall Street weakened by the end of the trading day and left the DJIA index at 15337.70, Capital One moved in the same direction and quoted its mortgage rates. However, regardless of the lending rates, stock prices of COF shares hiked by +0.59 and closed at a new price 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.