Summary of Fixed and Flexible Mortgage Interest Rates at Capital One on January 31, 2014
The overall fixed, jumbo and flexible home loan interest rates remained flat at Capital One Financial Corp (NYSE: COF) on January 31, 2014. Despite the regular ups and downs in the market, the US based mortgage lender managed to keep its benchmark 30 year fixed mortgage interest rates flat towards the end of the month, while remaining cautious about the popularity of its loan products among the potential borrowers.
This Friday, a closer look into the newly released home loan charts will reveal that the standard, long term, 30 year fixed rate mortgage home loan deals are coming out at an interest rate of 4.250% and are backed by an annual percentage rate of 4.253%. The borrowers, who find 30 year fixed rate offerings to be a bit expensive, can lock in the short term, 15 year fixed rate mortgage home loans at an interest rate of 3.500% and an APR yield of 3.506% today.
The mortgage shoppers, who are planning on getting their expensive home purchase investment financed through Capital One Financial, can find the best, 30 year jumbo fixed rate mortgage packages being published at a lending rate of 4.500% in the bank’s books and are carrying an annual percentage rate of 4.501% today. On the other hand, the shorter, 15 year jumbo fixed rate mortgage plans can be locked in at an interest rate of 3.875% and an annual return rate of 3.877% today.
For the seekers of flexible home loan rates, the US based mortgage lender is offering its best 5 year adjustable rate mortgage home loan packages at a starting interest rate of 3.000%, which come along with an annual percentage yield of 2.921% today. Alternatively, the more flexible, 7 year adjustable rate mortgage plans can be acquired by bearing an interest price of 3.375% and an APR yield of 3.109% during the initial years of the loan.
The mortgage interest rates quoted by banks generally go up and down as the prices of mortgage backed financial securities fluctuate while following the stock market movements. As the stock market lost its ground by the end of the trading day and left the DJIA index hanging around 15337.70, the bank following the stock markets’ footsteps to quote its mortgage rates today. Irrespective of the lending rates, the stock price of the COF shares experienced a hike of +0.59 and crossed a new price point of 67.60 towards the end of the trading day.
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.