Unlike several other mortgage lenders operating in the US market, Capital One Financial Corp (NYSE: COF) did not increase or reduce its benchmark 30 year fixed mortgage interest rates today. As per the most up to date mortgage information available in the market on April 3, 2014, the ideal fixed and flexible home loan rates are still being traded at the same interest rates as yesterday, and are bound to make no change in the overall sales of the loan products in the market today.
Today, the potential home loan seekers can spot the standard, long term, 30 year fixed mortgage home loan deals being advertised at an interest price of 4.375% and being backed by an annual return rate of 4.378%. However, for the borrowers, who are willing to take the shorter route for financing their new home purchase, the bank is currently offering its 15 year fixed rate mortgage deals at an interest price of 3.500% and an annual percentage rate of 3.506% this Thursday.
On the other hand, the potential home buyers, who are seeking perfect home loan options for financing their expensive realty investments, can opt for the jumbo variants of the popular 30 year fixed rate mortgage loans, which are now coming out at an interest rate of 4.375% and are backed by an annual percentage yield of 4.376%. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loans can now be locked in at an interest rate of 3.875% and an APR yield of 3.877% today.
When it comes to the flexible home loan options, the interested customers can find the best 5 year adjustable rate mortgage packages being published next to a lending charge of 3.000% and being backed by an annual return equivalent to 2.839% during the starting years of the home loan tenure. However, the more flexible, 7 year adjustable rate mortgage deals are now up for grabs at a starting interest rate of 3.375% and an APR yield of 3.041% on the basic amount of home loan acquired from the bank.
The mortgage rates released by banks often register upward or downward movement on the basis of price changes experienced by the mortgage backed financial bonds and securities, which generally tail the stock market movements. As the Wall Street plummeted towards the end of the trading day and left the DJIA index at 15337.70, Capital One moved in the same direction blindly and published its home loan rates. Irrespective of the lending rates, the stock prices of the COF shares hiked by +0.59 and reached a higher price point 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.