Today’s Mortgage Interest Rates at Capital One Financial – Tuesday July 1, 2014

Today's Mortgage Interest Rates at Capital One Financial - Tuesday July 1, 2014This Tuesday, affected by the sudden movements in the market and other economic factors, the popular mortgage lender, Capital One Financial Corp (NYSE: COF), published somewhat changed benchmark 30 year fixed mortgage interest rates. The potential home buyers, who are looking forward to finance their realty investment through Capital One today, will find a steep rise in the lending rates in comparison to the yesterday’s rates.

According to the new mortgage information released by the bank on July 1, 2014, the interested borrowers can find the standard, long term, 30 year fixed rate mortgage home loan packages being traded at an interest rate of 4.125% and being backed by an annual percentage rate of 4.153%. The relatively shorter, 15 year fixed rate mortgage home loan plans are now offered by the lender at an interest price of 3.250% and an annual return rate of 3.317% today.Under the exclusive home financing category, the bank now highlights jumbo variants of its best 30 year fixed rate mortgage home loans at an interest rate of 4.250% and an annual return rate of 4.264%, which is certainly higher than the conventional home loan deals. The short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loan packages can now be locked in at a lending rate of 3.750% and an annual return rate of 3.774% today.

The seekers of variable home loan options can now opt for the adjustable rate mortgage plans published offered by the lender at impressive interest and annual return rates. As of now, the bank quotes its 5 year adjustable rate mortgage deals at a starting interest rate of 3.000% and an annual percentage rate of 2.872% to start with. The more flexible, 7 year adjustable rate mortgage home loan deals are now published at an interest rate of 3.125% and an APR yield of 2.968% on the initial amount of loan taken from the bank.

The mortgage rates quoted by banks are normally affected by the upward and downward movement experienced by the prices of mortgage backed bonds and securities, which generally follow the stock market movements. Towards the end of the trading day, as the stock market waned and left the DJIA index at 15337.70, the bank moved along the same path and published its interest rates accordingly. Irrespective of the interest rates, the stock price of COF shares reached a new level after a hike of +0.88% and closed at 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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About the author

Rob is a analyst and reporter covering stocks and business news.