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.
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