In the present day varying market conditions, where almost every other mortgage lender is dealing with regular ups and downs in the lending rates, Capital One Financial Corp (NYSE: COF) managed to pull some strings and quote the same benchmark 30 year fixed mortgage interest rates on April 15, 2014. As of now, the fixed and flexible home loan plans are coming out at same interest rates as yesterday.
This Tuesday, the mortgage shoppers, who are planning on having the expensive realty investment financed from Capital One Bank, can spot the jumbo versions of its popular 30 year fixed rate mortgage home loan plans being traded at an interest rate of 4.250% and being backed by an annual percentage rate of 4.251%. Alternatively, the short term, 15 year jumbo fixed rate mortgage home loan packages can be seen published against a lending charge of 3.750% and carrying an annual percentage yield of 3.752% today.
For the borrowers, who are interested in acquiring ideal mortgage deals at variable rates of interest, the bank offers its ideal 5 year adjustable rate mortgage home loan options at a starting interest rate of 2.875% and an annual percentage rate of 2.796% to start with. On the other hand, the more flexible 7 year adjustable rate mortgage loan packages are tagged at an interest price of 3.250% and are offering an APR yield of 2.983% during the starting years of the home loan tenure.
The interested rates published by banks are normally affected by the regular upward and downward movement in the prices of mortgage backed bonds and securities, which trail the movements of the stock market. As the stock market waned towards the end of the trading day and left the DJIA index at 15337.70, Capital One took the lead and moved in the same direction to publish its mortgage interest rates. Irrespective of the mortgage interest rates, the stock price of COF shares reached a new price mark of 67.60 after a hike of +0.59 today.
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