Moving along firm lines, the US based mortgage lender, Capital One Financial Corp (NYSE: COF) decided to give no unwanted surprise to the potential borrowers, by quoting same benchmark 30 year fixed mortgage home loan rates on July 15, 2014. The qualified borrowers, who are willing to secure ideal home purchase loans from Capital One, will find no change in the fixed as well as flexible home loan rates today.
In the adjustable rate mortgage home loan division, the interested borrowers can find the 5 year flexible mortgage packages being published at a lending price of 3.125% and being backed by an APR yield of 2.906%, which is subject to change as interest rates adjust on a normal trading day. The more flexible, 7/1 adjustable rate mortgage deals can be seen traded at a lending price of 3.250% and yielding an APR of 3.006% towards the beginning of the home loan tenure.
The mortgage home loan rates quoted by banks are usually affected by the change in the overall price change experienced by the mortgage backed bonds and securities, which trail the stock market movements on any normal trading day. As the stock market plummeted towards the end of the trading day and reduced the DJIA index by -113.35, the bank moved along the same path for quoting its lending rates. Irrespective of the mortgage rates, the stock price of COF shares improved by +0.88% and closed at a new price point of 67.60.