For the individuals, who are seeking ideal finances for backing their expensive home investment from Capital One bank, the jumbo section of the home loan portfolio highlights the popular 30 year fixed rate mortgage home loans at an interest rate of 4.250% and an annual percentage return of 4.264% today. In the short term lending section, 15 year jumbo fixed rate mortgage home loans are now listed at an interest rate of 3.750% and an APR yield of 3.774% today.
The potential home buyers, who are willing to enjoy more flexibility in terms of interest rates, can opt for the best 5 year adjustable rate mortgage home loan deals, which are now being traded at an interest rate of 3.000% and are backed by an annual percentage rate of 2.872% during the starting years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage home loans can now be locked in at an interest rate of 3.250% and are accompanied by an annual return rate of 3.006% on the principal amount of loan taken from the bank.
The mortgage interest rates published by banks normally fluctuate on the basis of upward and downward movement in the prices of mortgage backed bonds and securities, which are known to follow the stock market movements on any normal trading day. Towards the end of the trading day, as the stock markets waned and left the DJIA index sitting at 15337.70, Capital One moved in the same direction for publishing its lending rates. Irrespective of mortgage rates, the stock price of COF shares tasted a hike of +0.88% and touched a new price mark of 67.60.
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