The potential home buyers, who are looking forward to fund their expensive home purchase through exclusive home loan packages offered by Capital One bank, can opt for the jumbo variants of 30 year fixed rate mortgage home loan deals, which are now traded at a lending price of 4.250% and an APR yield of 4.264%. The relatively shorter, 15 year jumbo fixed rate mortgage home loans can now be locked in at an interest rate of 3.750% and an annual return rate of 3.774% today.
As far as flexible home lending options are concerned, the interested borrowers can go for the best 5 year adjustable rate mortgage home loan packages, which are available at an interest rate of 3.000% and an annual return rate of 2.862% today. For the seekers of more flexible home loans, 7 year adjustable rate mortgage plans are being listed in the loan portfolio at a starting interest price of 3.125% and an annual percentage yield of 2.968% to start with.
The mortgage interest rates published by banks are normally affected by the fluctuation in prices of mortgage backed bonds and securities, which are traded by banks in the financial markets, and are known to follow the stock market movements. As Wall Street lost its ground by the end of the trading day, leaving the DJIA index at 15337.70, Capital One followed its movements and quoted its mortgage interest rates accordingly. Regardless of the interest rates, stock prices of COF shares spiked by +0.88% and reached a new price mark of 67.60 today.
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