For the potential home buyers, who are interested in securing ideal home loans for funding their expensive home investments, the 30 year jumbo fixed rate mortgage packages would prove to be ideal options at a lending rate of 4.375% and an annual percentage yield of 4.399% today. The relatively short term, 15 year jumbo fixed rate home loans can now be seen traded at an interest rate of 3.750% and being backed by an annual return rate of 3.792% today.
The mortgage borrowers, who are looking forward to acquire home loans at more flexible interest rates, can opt for the 5 year adjustable rate mortgage home loan deals, which are now offered by the lender at an interest rate of 3.125% and are backed by an APR yield of 2.906% this Monday. The more flexible, 7 year adjustable rate mortgage home loan options are now being advertised at an interest rate of 3.250% and an APR yield of 3.006% to begin with.
The mortgage home loan rates quoted by banks are normally affected by the changes experienced by the prices of the mortgage backed financial bonds and securities, which are known to follow the stock market movements closely. As the stock market waned towards the end of the day and left the DJIA index 15337.70, Capital One Financial took the lead and moved along the same path for publishing its mortgage home loan rates. However, irrespective of the mortgage rates, the stock prices of the COF shares experienced a hike of +0.59 and touched a new price mark of 67.60.
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