Summary of Fixed and Flexible Mortgage Rates at Capital One on January 29, 2014
The benchmark 30 year fixed mortgage interest rates at Capital One Financial Corp (NYSE: COF) are still enjoying a steady run for the third day in a row. As per the new mortgage data released by the bank, the standard and the flexible home loan deals are still coming out at the old interest rates on January 29, 2014.
While a number of mortgage home loan packages, made available by several other mortgage lenders in the market, tasted pleasant or unfavorable change in the interest rates today, the standard home purchase loan plans continue being traded at the same lending rates. As of now, the potential home buyers need to pay an interest cost of 4.250% and agree to an APR yield of 4.253% for acquiring the 30 year fixed rate mortgage home loans. However, the relatively shorter, 15 year fixed rate mortgage home loans are still being advertised at a rate of 3.500% and an APR yield of 3.506%.
For the borrowers looking forward to finance their expensive home purchase investments from Capital One Financial, the best 30 year jumbo fixed rate mortgage home loans would be an ideal pick at a rate of 4.500% and an APR yield of 4.501% today. On the other hand, the 15 year jumbo fixed rate mortgage plans are coming out at an interest rate of 3.875% and an APR yield of 3.877% this Wednesday.
In the adjustable rate mortgage division, the mortgage shoppers can acquire the best 5 year deals at a starting interest rate of 3.000% and an annual percentage return of 2.921% to begin with. However, the seekers of more variable interest rates can go for the 7 year adjustable rate mortgage offerings, which are currently carrying an interest price of 3.375% and an annual return of 3.109% on the initial amount of loan taken from the bank.
The mortgage home loan rates quoted by banks go up and down depending upon changes in the price of MBS’s traded in the financial markets by the bank, which follow the Wall Street movements closely. As the stock market dipped by the end of the trading day, only to leave the DJIA index at 15337.70 after a fall of -113.35, Capital One blindly followed the trail for quoting its mortgage rates. Irrespective of the lending rates, the stock price of COF shares touched a new price mark of 67.60 after a hike of +0.88%.
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.