The potential home buyers, who are planning on financing their expensive home purchase through Capital One bank, can secure the jumbo variants of the popular 30 year fixed rate mortgage home loan by bearing an interest rate of 4.250% and agreeing to an annual percentage yield of 4.264%. The relatively shorter, 15 year jumbo fixed rate mortgage home loans can now be locked in at an interest price of 3.750% and an annual percentage return of 3.774%.
When it comes to adjustable rate mortgage options, the interested borrowers can now spot the ideal 5 year flexible rate home loan packages being published at a starting interest rate of 3.000% and being accompanied by an APR yield of 2.862% during the starting years of the home loan tenure. For the seekers of more flexible, 7 year adjustable rate mortgage packages are highlighted in the banks books against an interest rate of 3.125% and an APR yield of 2.958% on the principal amount of home loan secured from the bank.
The mortgage interest rates published by banks are often affected by the changes in the prices of mortgage backed bonds and securities traded in the financial market, which are known to follow the direction of stock markets on any usual trading day. As the stock market waned towards the end of the day, leaving the DJIA index at 15337.70, the bank followed its footsteps and published its lending rates accordingly. Regardless of lending rates, the stock prices of COF shares tasted a hike of +0.59 and closed at a new price mark of 67.60.
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