As per the most up to date mortgage data made available by the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF) on August 7, 2014, there was no movement in the benchmark 30 year fixed mortgage interest rates. The qualified borrowers, who are planning on securing new home purchase or standard refinancing mortgage deals from Capital One today, will find the ideal home loan options traded at the same interest rates as yesterday.
To start with, in the standard, long term mortgage section, the potential home buyers can spot the 30 year fixed rate mortgage home loans listed at an interest rate of 4.125% and carrying an annual percentage rate of 4.153%. The borrowers, who find 30 year deals to be quite expensive and are looking for more economical options, can now lock in the relatively shorter 15 year fixed rate mortgage home loan deals at an interest price of 3.375% and an APR yield of 3.424% this Thursday.
The mortgage shoppers, who are looking forward to secure ideal finances for their expensive home investment from Capital One bank, can opt for the jumbo versions of its popular 30 year fixed rate mortgage home loans, which are now traded at a lending charge of 4.250% and an annual return rate of 4.285%, which is certainly higher than the non-jumbo loans. Alternatively, the short term, 15 year counterparts of the 30 year jumbo fixed rate home loan packages are now available at interest rate of 3.750% and an annual percentage yield of 3.792% today.
When it comes to flexible lending options, the interested borrowers can lock in the best 5 year adjustable rate mortgage deals by bearing an interest rate of 3.000% and an APR yield of 2.862% during the starting years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage loans are now up for grabs at an interest rate of 3.125% and an APR yield of 2.958% on the principal amount of home loan sanctioned by the bank.
The mortgage interest rates quoted by banks are affected by changes in the prices of mortgage related financial securities, which are known to follow the stock market movements on any normal trading day. As expected, Capital One moved along the stock market, and with a dip of -0.73% in the DJIA index, it quoted its latest interest rates for the interest borrowers. Regardless of mortgage rates, the stock price of COF shares experienced a hike of +0.59 price points and touched a new mark of 67.60 today.
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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