Summary of Mortgage Interest Rates at Capital One on April 8, 2014

At the US based mortgage lender, Capital One Financial (NYSE: COF), the benchmark 30 year fixed mortgage interest rates experienced no change on April 8, 2014. The eligible borrowers, who are planning on securing ideal finances for financing their new home investments today, will find the fixed and flexible home loan deals today being published at the same interest rates as yesterday.

A closer look at the recently released mortgage charts will prove that the 30 year fixed rate mortgage home loans are still being traded at an interest cost of 4.375% and are backed by an annual percentage rate of 4.378%. On the other hand, for the customers, who are interested in moving ahead on the shortest route, the bank is offering its 15 year fixed rate mortgage home loan plans at a lending rate of 3.500% and an annual percentage yield of 3.506% today.

The potential home buyers, who are in need of more finances for supporting their big home investment, can spot the jumbo versions of its popular 30 year fixed rate mortgage home loan options being advertised at a lending rate of 4.375% and being accompanied an annual return rate of 4.375%. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loans are coming out at an interest price of 3.875% and an annual percentage return of 3.877% today.

As far as the flexible home financing deals are considered, the mortgage shoppers can find the best 5 year adjustable rate mortgage home loan packages being listed against a starting interest rate of 3.000% and an annual return rate of 2.839% during the initial periods of home loan. On the other hand, for the seekers of more flexibility in terms of interest rates, the bank is offering its 7 year variable rate home loan deals at an interest rate of 3.375% and an APR yield of 3.041% on the principal amount of home loan acquired from the bank.

The interest rates published by banks fluctuate on the basis of upward and downward movement in the prices of the mortgage backed financial bonds and securities, which move along with the stock market movements. As the Wall Street plummeted towards the end of the day and left the DJIA index at 15337.70, Capital One blindly followed the movement and published its mortgage rates accordingly. However, irrespective of the mortgage rates, the stock prices of the COF shares increased by +0.59 and closed at a new 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.