For the mortgage shoppers, who are planning on having their expensive realty investment financed through Capital One bank, can spot the jumbo variants of the popular 30 year fixed rate mortgage home loan deals being traded at an interest rate of 4.375% and an annual return rate of 4.389%. The relatively shorter, 15 year fixed rate mortgage home loans are now being traded at an interest rate of 3.750% and an annual percentage return of 3.774% this Thursday.
The mortgage shoppers, who are looking forward to acquire home loans at variable interest rates, can spot the 5 year adjustable rate mortgage packages being listed at a starting interest rate of 3.125% and carrying an annual percentage rate of 2.906% to start with. The more flexible, 7 year adjustable rate mortgage plans are now up for grabs at an interest rate of 3.250% and an APR yield of 3.016% on the principal amount of home loan taken from the bank.
The mortgage interest rates released by banks often move upward and downward depending on the price fluctuations that the mortgage backed bonds and securities experience after following the stock market movements. As the stock market waned towards the end of the trading day, the DJIA index fell by -0.73% and closed at 15337.70; Capital One moved in the same direction as the stock market and quoted its mortgage interest rates. The stock price of the COF shares reached new price mark after a hike of +0.59 and closed at 67.60 towards the end of the trading day.
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