Summary of Current Mortgage Interest Rates at Capital One on February 6, 2014

For the fourth day in a row, the benchmark 30 year fixed mortgage interest rates remained unchanged at the US based mortgage lender, Capital One Financial Corp (NYSE: COF), on February 6, 2014. Where, this Thursday brought along some pleasant or unpleasant changes in the interest rates of other mortgage lenders operating in the US market,the lending rates remained steady at Capital One Bank today.

According to the most up to date mortgage data available in the market, the standard, 30 year fixed rate mortgage home loan packages are still advertised at the same interest rate of 4.125% and are accompanied by an annual percentage rate of 4.128% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage deals can be locked in by the interested borrowers at an interest rate of 3.375% and an annual return equivalent to 3.381% today.

The mortgage shoppers, who are looking forward to have their expensive home purchase investments financed from Capital One Financial, can reap the benefits of the ideal, 30 year jumbo fixed rate mortgage home loan plans, which are now available at an interest cost of 4.000% and an APR yield of 4.001% today. Alternatively, the short term, 15 year jumbo fixed rate mortgage home loans can be acquired by bearing an interest burden of
3.375% and agreeing to an annual return of 3.377%.

For the borrowers, who are seeking adequate home loan deals at variable interest rates, the bank offers its popular adjustable rate mortgage loans at impressive interest and return rates today. As of now, the 5 year adjustable rate mortgage packages at a starting interest rate of 3.000% and an annual percentage return of 2.839% to begin with. However, the more flexible, 7 year adjustable rate mortgage home loans can be had at a
starting interest price of 3.375% and an APR yield of 3.041% on the initial amount of the loan taken from the bank.

The mortgage rates published by banks are generally affected by the changes in the price of mortgage backed bonds and securities, which change according to the stock market movements. As the stock market waned closer to the end of the trading day and left the DJIA index hanging around 15337.70, the bank tracked its performance and moved accordingly to publish its interest rates. However, irrespective of the mortgage interest rates, the stock price of Capital One shares touched new heights after a hike of +0.59 and reached a new price level 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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About the author

Rob is a analyst and reporter covering stocks and business news.