This Tuesday, one of the largest mortgage lenders in the US, Capital One Financial Corp (NYSE: COF) chose to make no change to its benchmark 30 year fixed mortgage interest rates. Following the usual, everyday approach, the bank published its home purchase and refinancing lending options at the same interest rates on January 14, 2014.
As of now, the potential home buyers can acquire the best 30 year fixed rate mortgage home loan deals at an interest cost of 4.375% and an annual percentage rate of 4.378% today. If the long term deals seem expensive to the mortgage shoppers, the shorter, 15 year fixed rate mortgage home loans can prove to be an ideal pick at an interest rate of 3.500% and an annual return of 3.506% today.
For the prospective borrowers, who are looking forward to obtain some help from Capital One Financial for financing their expensive home purchase deals, the US based mortgage lender offers its best jumbo loans at impressive interest rates and APR yields. As of now, the 30 year jumbo fixed rate mortgage home loan deals are coming out at an interest cost of 4.625% and are backed by an APR yield of 4.626%. The shorter, 15 year jumbo fixed rate mortgage home loan packages can now be had at an interest rate of 4.000% and an APR yield of 4.002% today.
When it comes to flexible lending options, the bank offers its best 5 year adjustable rate mortgage home loan schemes against a lending charge of 3.125% and an APR yield of 2.965%. However, the more flexible, 7 year adjustable rate mortgage packages are available at a starting interest rate of 3.500% and an are accompanied by an annual return of 3.167%.
On a normal trading day, the home purchase and refinancing home loan interest rates are affected by the rise and fall in the price of mortgage backed bonds and securities traded in the financial markets, which generally trail the stock market movements closely. As the financial market lost its ground by the end of the trading day, putting the DJIA index down by -0.73%, bank closely followed the movement and published its lending rates accordingly. However, regardless of the interest rates, the share prices of COF stock improved by +0.88% and closed at 67.60.
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.