Summary of Mortgage Interest Rates at Capital One on April 2, 2014

After experiencing a roller coaster ride for the past few days, the benchmark 30 year fixed mortgage interest rates at Capital One Financial Corp (NYSE: COF) found a place to rest firmly on April 2, 2014. The eligible borrowers, who are looking forward to visit the local office of Capital One today in search of ideal home loan deals will find the fixed and the flexible financing options being traded at the same rates as yesterday.

According to the new mortgage rate charts released by the bank this Wednesday, the standard, long term, 30 year fixed rate mortgage home loan plans are coming out at a lending rate equivalent to 4.375% and an annual percentage rate of 4.378%. Alternatively, in the short term lending section, the mortgage shoppers can find the ideal 15 year fixed rate mortgage home loans being traded at an interest price of 3.500% and being accompanied by an annual return rate of 3.506% today.

Today, the borrowers, who are in search of perfect home finances for dealing with the pricey real estate investments, can spot the jumbo versions of the popular 30 year fixed rate mortgage home loans being traded at an interest rate of 4.375% and carrying an annual return rate of 4.376%. On the other hand, the relatively shorter, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans, are now up for grabs at an interest rate of 3.875% and an annual percentage return rate of 3.877% today.

As far as the flexible home loan deals are considered, the potential customers can opt for the best 5 year adjustable rate mortgage home loan deals, which are now being traded at an interest rate of 3.000% and are backed by an annual percentage return of 2.839% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan deals can be secured at an interest price of 3.375% and an APR yield of 3.041% on the principal amount of home loan sanctioned by the bank.

The interest rates published by banks more up and down on the basis of changes in the prices of mortgage backed financial securities, which are known to move according to the stock market sentiments on any normal trading day. As the stock market waned by -0.73% towards the end of the trading day, leaving the DJIA index at 15337.70, Capital One followed its footsteps and quoted its mortgage interest rates. However, regardless of the mortgage rates, the stock prices of the COF shares increased by +0.59 and closed at a higher price point 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.