Summary of Current Mortgage Interest Rates at Capital One Financial (August 5, 2014)

Summary of Current Mortgage Interest Rates at Capital One Financial (August 5, 2014)With the hope of becoming a hot favorite among the potential home buyers, the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF) decided to make some minor changes to its benchmark 30 fixed mortgage interest rates on August 5, 2014. The borrowers, who are interested in seeking ideal home purchase loans from Capital One might find little improvements in the lending rates charged by the bank today.

To start with, in the standard, long term home loan section, the 30 year fixed rate mortgage home loans are now listed at an interest rate of 4.125% and an annual percentage rate of 4.164% today. In the relatively shorter home loan section, the interested borrowers can spot the 15 year fixed rate mortgage home loan packages being listed against an interest rate of 3.375% and an annual percentage yield of 3.442% this Tuesday.

The borrowers, who are planning on making expensive realty investments and are looking forward to have them financed through Capital One Financial, can now opt for the jumbo variants of the popular 30 year fixed mortgage home loans, which are currently traded at an interest price of 4.375% and an annual return rate of 4.389% today. The short term, 15 year jumbo fixed rate mortgage home loan deals can be seen traded at an interest rate of 3.875% and an annual percentage rate of 3.899% today.

Heading towards the flexible home loan division, the potential home buyers, who are willing to secure home loans at variable interest rates, can now opt for the best 5 year adjustable rate mortgage loans, which are currently traded at an interest rate of 3.000% and an annual percentage rate of 2.954% during the initial years of the home loan tenure. The more flexible, the 7 year adjustable rate mortgage home loan options are up for grabs at a lending rate of 3.125% and are backed by an APR yield of 3.026% on the principal amount of home loan taken from the bank.

Mortgage interest rates quoted by bank normally move up and down on the basis of changes in the prices of mortgage backed financial bonds and securities, which are known to follow the stock market movements. As the Wall Street waned towards the end of the trading day and left the DJIA index at 15337.70, the bank moved along the same path blindly and published its mortgage interest rates accordingly. Irrespective of the rates, stock price of COF shares reached a new mark of 67.60 after a hike of +0.59 price points 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.