Following the trail of several other major mortgage lenders, Capital One Financial (NYSE: COF) also published its new home purchase and refinancing loans at higher rates of interest on December 26, 2013. This Thursday did bring along a bit of disappointment for the potential mortgage borrowers in the form of increased benchmark 30 year fixed mortgage interest rates, thereby making the loan options less popular in the market.
As per the newly published mortgage information, the standard 30 year fixed rate mortgage loans at Capital One Financial are coming out at a rate of 4.625% and are accompanied by an annual percentage rate of 4.628% today. For the seekers for short term new home purchase financing options, the bank offers 15 year fixed rate mortgage home loans at a rate of 3.750% and an APR yield of 3.756%.
For the borrowers seeking financial assistance to fund their bigger home investments, the US based lender provides 30 year jumbo fixed rate mortgage home loans at an interest rate of 4.750%, along with an annual return of 4.751%, which is certainly higher than the other conventional home loans. However, the 15 year jumbo fixed rate mortgage home loans can be had by bearing a lending charge of 4.000% and an APR yield of 4.002% today.
Heading towards the adjustable rate mortgage division, the potential borrowers can find the best 5 year deals being published at a new rate of 3.375% and carrying an annual return rate of 3.052% to start with. Alternatively, the customers looking for more flexibility can find the 7 year adjustable rate mortgage home loans quoted at a starting rate of 3.750% and accompanied by an APR yield of 3.285% today.
The home purchase and refinancing mortgage home loans are generally affected by the rise or fall in the rates of mortgage financial securities, which, on a normal trading day, follow the movements of the stock market. As the financial securities waned by the end of the trading day, putting the DJIA index at a lower mark of 15337.70, Capital One Financial followed the lead and published its lending rates accordingly. However, the stock price of COF shares rose up by +0.59 and closed at a price point 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.
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