Roundup of Fixed and Flexible Mortgage Rates at Capital One on January 27, 2014

Following the lead of several other major players in the world of mortgage financing, Capital One Financial (NYSE: COF) did not make any change to its standard and variable home loan rates on January 27, 2014. According to the latest home loan information released by the bank, the benchmark 30 year fixed mortgage interest rates are holding firm at the beginning of a new week.

First, looking at the long term home loan rates, the standard 30 year fixed rate mortgage plans are still hanging around 4.250% as last week and are backed by an annual percentage rate of 4.253% today. However, those who find the 30 year home financing options to be a bit expensive, can reap the benefits of the relatively shorter, 15 year fixed rate mortgage home loan deals after agreeing to an interest price of 3.500% and an APR yield of 3.506% today.

The potential home buyers, who are in search of bigger home loans for financing their expensive home investments, can find the ideal, jumbo versions of 30 year fixed rate mortgage loans published in the bank’s loan books at an interest cost of 4.500% and carrying an annual return of 4.501%. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loan deals are carrying an interest rate of 3.875% and are backed by an APR yield of 3.877%.

For the mortgage shoppers, who are looking forward to enjoy flexible home loan rates, the US based mortgage lender offers its best 5 year adjustable rate mortgage home loan packages at a starting interest rate of 3.000% and an APR yield of 2.921%. However, the more flexible, 7 year adjustable rate mortgage home loan packages are coming out at an interest price of 3.375% and are carrying an APR yield of 3.109% to begin with.

The mortgage home loan rates at banks are often affected by the rise and fall in the prices of MBS’s traded in the financial markets, which normally trail the stock market movements. As the stock market dipped by the end of the trading day and left the DJIA index hanging at 15337.70, Capital One moved along the same direction for quoting its interest rates. Separately, the share prices of COF shares gained some ground and rose up by +0.59, only to record a new price point of 67.60 towards the end of the trading day. 

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.