Capital One Bank Lowers its Mortgage Home Loan Rates on March 14, 2014
The potential home buyers, who are planning on having their realty investment financed through Capital One Financial Corp (NYSE: COF), will find a pleasant change in the benchmark 30 year fixed mortgage interest rates on March 14, 2014. Moving away from its usual pricing lines, the US based mortgage provider quoted its fixed and flexible home loan deals at better interest rates today.
This Friday, the mortgage provider is charging an interest price of 4.250% from, and offering an annual percentage rate of 4.253% to, the mortgage shoppers who are interested in acquiring the standard, long term, 30 year fixed rate mortgage home loan deals today. On the other hand, for the relatively shorter, 15 year fixed rate mortgage loan packages, the bank is currently charging interest price of 3.375% and are providing an annual percentage yield of 3.381% today.
The potential home buyers, who are hoping to seek monetary assistance from Capital One bank to finance their expensive home purchases, can opt for the jumbo versions of the ideal 30 year fixed rate mortgage home loan deals, which are now coming out at an interest cost of 4.375% and are backed by an annual percentage rate of 4.376% today. Alternatively, the short term, 15 year jumbo fixed rate mortgage home loan schemes can be locked in at an interest price of 3.875% and an annual return rate of 3.877% today.
As far as the adjustable rate mortgage home loans are concerned, the interested borrowers can spot the ideal 5 year variable rate loan packages being listed against a starting interest price of 3.000% and backed by an APR yield of 2.839% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan plans can be locked in at an interest price of 3.375% and an annual return rate of 3.041% on the initial amount of home loan acquired from the bank.
The mortgage loan rates published by banks often fluctuate depending upon the upward and downward movement experienced by the prices of mortgage financial bonds and securities, which move along the footsteps of stock markets on any normal trading day. As the Wall Street lost its ground and left the DJIA index at 15337.70, after a fall of -113.35, Capital One took the lead and moved in the same direction for quoting its lending rates. Irrespective of the interest rates, the stock prices of COF shares improved by +0.59 and reached a new price mark of 67.60 today.
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.