At one of the popular US based mortgage providers, Capital One Financial Corp (NYSE: COF), the benchmark 30 year fixed mortgage interest rates experienced no favorable or unfavorable change on July 18, 2014. The mortgage borrowers, who are planning on securing ideal home purchase or refinancing home loans from Capital One today, will find no change in the lending charges as compared to yesterday.
In the adjustable rate mortgage department, the interested customers can spot the ideal 5 year variable rate home loan schemes being traded at a starting interest rate of 3.125% and backed by an APR yield of 2.906% during the starting years of the home loan period. The mortgage shoppers, who are planning on securing more flexible home loan deals, can now spot the 7 year adjustable rate mortgage home loans being advertised at an interest rate of 3.250% and an APR yield of 3.006% to begin with.
The mortgage interest rates published by banks are normally affected by the upward and downward movement in the prices of mortgage backed bonds and securities traded in the financial markets, which are known to follow the stock market movements closely. As the stock market plummeted towards the end of the trading day and left the DJIA index at 15337.70, Capital One took the lead and published its mortgage home loan rates accordingly. Regardless of changes in the mortgage rates, the stock price of the COF shares tasted a hike of +0.88% and reached a new price mark of 67.60.
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