For the third day in a row, the benchmark 30 year fixed mortgage interest rates experienced no change at the US based mortgage provider, Capital One Financial Corp (NYSE: COF), on April 9, 2014. Today, in the new mortgage charts released by the bank, the fixed as well as flexible home loan deals are being published at the same interest rates as yesterday, which certainly isn’t going to affect the overall demand of Capital One’s loan products among the potential borrowers.
This Wednesday, the standard, long term 30 year fixed rate mortgage home deals are being offered by the bank at an interest rate of 4.375% and are carrying an annual percentage rate of 4.378%. On the other hand, in the relatively shorter mortgage section, the 15 year fixed rate mortgage home loans can be seen listed at an interest rate of 3.500% and an annual return rate of 3.506% today.
For the potential home buyers, who are planning on making an expensive realty investment and are seeking financial help from Capital One for the big projects, jumbo versions of its popular 30 year fixed rate mortgage packages would be perfect options at a lending rate of 4.375% and an annual percentage yield of 4.376%, which is certainly a bit higher in comparison to the non-jumbo home loans. On the other hand, in the short term home financing section, the 15 year jumbo fixed rate mortgage deals can be acquired at an interest rate of 3.875% and an APR yield of 3.877% today.
As far as the variable rate mortgage home loan options are considered, the bank is currently offering its best 5 year adjustable rate mortgage home loans at a starting interest cost of 3.000% and an APR yield of 2.839% today. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan schemes can be locked in by bearing a lending charge of 3.375% and an APR yield of 3.041% this Wednesday.
The mortgage rates published by banks are generally affected by the changes in the prices of mortgage backed bonds and securities, which move along the stock markets on any normal trading day. As the stock market plummeted towards the end of the trading day, leaving the DJIA index hanging at 15337.70, Capital One moved along the same path for quoting its mortgage interest rates. However, irrespective of the interest rates, the stock prices of COF shares experienced a hike of +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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