Summary of Mortgage Interest Rates at Capital One on February 7, 2014

Following the lead of the other major mortgage lenders, Capital One Financial Corp (NYSE: COF) published higher interest rates for its fixed and flexible home financing options on February 7, 2014. The interested borrowers will find a steep rise in the benchmark 30 year fixed mortgage interest rates today, in comparison to the figures published in the yesterday’s rate chart.

As of now, the eligible mortgage shoppers will have to pay an interest price of 4.250% and agree to an annual percentage rate of 4.253% for acquiring the standard, 30 year fixed rate long term mortgage home loan packages from Capital One bank. However, the borrowers interested in acquiring the relatively shorter, 15 year fixed rate mortgage home loan deals will have to deal with an interest burden of 3.375% and an annual percentage rate of 3.381% today.

For the borrowers, who are looking forward to seek financial help from Capital One bank for dealing with their heavy home purchase investment, the bank is currently offering its best 30 year jumbo fixed rate mortgage home loan deals at an interest rate of 4.125% and an annual percentage rate of 4.126% today. However, in the short term lending section, the bank publishes the 15 year jumbo fixed rate mortgage home loans against an interest charge of 3.500% and an annual return of 3.502% today.

The mortgage shoppers, who are keen on acquiring home loans at variable interest rates, can find the perfect financing options in the adjustable rate mortgage wing of the bank. Today, the bank offers its best 5 year adjustable rate mortgage packages at a starting interest rate of 3.000% and an annual percentage rate of 2.839% to begin with. On the other hand, the ideal, 7 year adjustable rate mortgage plans are up for grabs at a starting rate of 3.375% and an APR yield of 3.041% on the initial amount of home loan taken from the bank.

The mortgage home loan rates quoted by the major mortgage providers often experience upward and downward movements depending on the price fluctuations that the mortgage backed bonds and securities go through after following the stock market movements. However, as the stock market plummeted at the end of the trading day, and the DJIA index fell by -0.73% and closed at 15337.70, the bank parted its ways from the stock market and published its mortgage interest rates independently. However, the stock price of the COF shares touched new price level after a hike of +0.88% towards the end of the trading day. 

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.