For the potential home buyers, who are planning on financing their pricey home purchase through Capital One Financial, the jumbo versions of popular 30 year fixed rate mortgage packages would be perfect options at a lending rate of 4.125% and an annual percentage yield of 4.126% today. The relatively shorter, 15 year jumbo fixed rate mortgage home loan plans can now be locked in at an interest rate of 3.750% and an annual return rate of 3.752% this Friday.
Switching sights to the flexible home loan division, the mortgage shoppers can spot the best 5 year adjustable rate mortgage deals coming out at an interest rate of 3.000% and carrying an APR yield of 2.839% during the starting days of the home loan tenure. The more flexible, 7 year adjustable rate mortgage home loans are now up for grabs at a starting interest rate of 3.000% and an annual percentage rate of 2.983% on the principal amount of home loan secured from the bank.
The mortgage interest rates quoted by banks often change on the basis of regular fluctuations in the prices of mortgage backed financial bonds and securities, which move along the stock market movements on any normal trading day. As the Wall Street plummeted by the end of the trading day and left the DJIA index at 15337.70, Capital One blindly followed its footsteps for publishing its mortgage interest rates. However, irrespective of the mortgage rates, the COF share prices increased by +0.88% and closed at 67.60 by the end of the trading day.
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