Summary of Current Mortgage Rates at Capital One Bank (January 2, 2014)

Summary of Current Mortgage Rates at Capital One Bank January 2 2014Following the lead of the major mortgage lenders in the US market, Capital One Financial (NYSE: COF) did not make any changes to the lending rates at which its new home purchase and refinancing mortgage loans are advertised on January 2, 2014. This Thursday, the prospective customers will find no change in the benchmark 30 year fixed mortgage interest rates and the lending rates at which other financing options are available.

As per the new mortgage information released by the bank, the standard, long term, 30 year fixed rate mortgage home loans are advertised at a rate of 4.625% and yield an APR yield of 4.628% today. However, the short term, 15 year fixed rate mortgage home loans can be had at an interest rate of 3.625% and an annual percentage yield of 3.631% today.

For the borrowers seeking financial help to support higher home investments, the bank provides jumbo financing options at interesting lending rates and annual return. As of now, the 30 year jumbo fixed rate mortgage home loan deals are available at a rate of 4.750% and an APR yield of 4.751%. Alternatively, the shorter and less expensive, 15 year jumbo fixed rate mortgage options can be acquired at a lending cost of 4.125% and an annual return of 4.127% today.

Heading towards the flexible lending zone, the borrowers interested in having more variable rates of interests can easily spot the adjustable rate mortgage loans listed in the bank’s portfolio. Today, the best 5 year adjustable rate mortgage home loans can be had at an interest rate of 3.375%, which come along with an annual percentage rate of 3.052%. However, the more flexible, the 7 year adjustable rate mortgage packages are now quoted against a lending charge of 3.750% and are accompanied by an APR yield of 3.285%.

Lately, around the New Year’s Eve, the shares of Capital One Financial Corp (COF) performed extraordinarily well and touched a 52 week high mark of $76.16 in the first half of the daily trading session at the Wall Street. However, as the trading day came to its end, the stock price of the COF shares lost some ground and closed down at $75.82. However, the Capital One Financial Corp’s shares managed to register an impressive year-to-date return equivalent to 25.6% by the end of the trading day, with the trading volume touching the 1.4 million mark.

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.