Summary of Current Mortgage Interest Rates at Capital One on April 15, 2014

Summary of Current Mortgage Interest Rates at Capital One on April 15, 2014In 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.

According to the new mortgage rate charts published by the bank today, the standard, long term, 30 year fixed rate mortgage home loans are being listed at an interest rate of 4.250% and are carrying an annual percentage rate of 4.378%. On the other hand, the borrowers interested in taking the shorter route for financing their home purchase can opt for the short term, 15 year fixed rate mortgage home loan deals, which are now being traded at an interest price of 3.375% and an annual return rate of 3.381% today.

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.

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.