Mortgage Rates Today: Capital One Financial – May 2, 2014
As another trading week reaches its final day, the popular US based mortgage provider, Capital One Financial Corp (NYSE: COF) decided to make no change to its popular 30 year fixed mortgage interest rates on May 2, 2014. According to the most up to date mortgage information made available in the market by Capital One Financial today, the ideal fixed and flexible home loan offers are coming out at the same interest rates as yesterday.
On the contrary, for the potential home buyers, who are planning on having their expensive realty investment financed through Capital One Bank, can spot the jumbo variants of the popular 30 year fixed rate mortgage home loan deals being published at a lending rate of 4.250% and carrying an annual percentage return of 4.251% today. Alternatively, for the borrowers, who are looking forward to take the shorter route for financing their pricey home purchase, the 15 year jumbo fixed rate mortgage home loans would be an ideal choice at an interest rate of 3.750% and an APR yield of 3.752%.
When it comes to flexible home financing options, the potential home loan customers can opt for the best 5 year adjustable rate mortgage loans, which are now coming out at a starting interest rate of interest of 2.875% and an APR yield of 2.796% to start with. On the other hand, the borrowers, who are seeking more flexibility in terms of interest rates, 7 year variable rate home loans would prove to be ideal at a lending rate of 3.250% and an APR yield of 2.983% to start with.
The mortgage interest rates quoted by banks often go up and down on the basis of price fluctuations of mortgage backed financial instruments, which generally move along the stock market sentiments. As the stock market lost its ground by the end of the trading day and pushed the DJIA index down to 15337.70, Capital One Financial followed its footsteps for publishing its mortgage interest rates. However, irrespective of the mortgage rates, the stock price of COF shares moved up by +0.88% and closed at a new price point of 67.60.