Today’s Fixed and Conventional Mortgage Rates at Capital One Financial – July 11, 2014

Today's Fixed and Conventional Mortgage Rates at Capital One Financial - July 11, 2014

Moving along its usual pricing lines, the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF) did not make any pleasant or unpleasant changes to its benchmark 30 year fixed mortgage home loan rates on July 11, 2014. The qualified mortgage shoppers, who are planning on paying the home loan department of Capital One a visit today, will find no change in the lending rates as compared to yesterday.This Friday, the potential home buyers, can lock in the standard, long term, 30 year fixed rate mortgage home loans by bearing an interest rate of 4.125% and agreeing to an annual percentage rate of 4.185%. The borrowers, who find 30 years period to be quite long for a home loan and want shorter and less expensive deals, can now opt for the short term, 15 year fixed rate mortgage home loan deals, which are still traded at an interest rate of 3.375% today and an annual return rate of 3.461%.

For the mortgage shoppers, who are looking forward to make an expensive realty investment and are planning on having it financed through Capital One Financial, jumbo versions of the popular 30 year fixed rate mortgage home loan deals would be perfect options at a lending rate of 4.500% and an annual percentage yield of 4.514% today. The short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage deals are now up for grabs at an interest rate of 3.875% and an APR yield of 3.917% today.

The home loan seekers, who are in search of flexible mortgage packages, can now find the best 5 year adjustable rate mortgage home loans being listed at a starting interest rate of 3.125% and backed by an annual return rate of 2.906% to begin with. The more flexible, 7 year adjustable rate mortgage packages are now traded at a starting interest cost of 3.250% and are carrying an APR yield of 3.006% on the principal amount of loan secured from the bank.

The mortgage rates quoted by banks are generally affected by the upward and downward movement in the prices of mortgage backed financial bonds and securities, which are known to move along the stock market on any normal working day. As the Wall Street plummeted towards the end of the trading day and left the DJIA index at 15337.70, Capital One moved in the same direction and quoted its mortgage interest rates accordingly. However, regardless of its lending rates, the stock prices of COF shares tasted a decent hike and closed at a new price mark 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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

Rob is a analyst and reporter covering stocks and business news.