For the fifth day in a row, the US based mortgage provider, Capital One Financial Corp (NSYE: COF) decided to maintain its position in the performance chart on February 14, 2014. This Valentine’s Day, the bank kept itself from spoiling the mood of potential home buyers, by quoting unchanged benchmark 30 year fixed mortgage interest rates.
The customers, who plan on having their home purchase financed through standard, long term home loan options, can spot the 30 year fixed rate mortgage home loans being advertised at an interest rate of 4.250% and an annual percentage rate of 4.253% today. However, for the seekers of short term financing deals, the bank is currently offering the best 15 year fixed rate mortgage home loan packages at an interest rate of 3.375% and an APR yield of 3.381% today.
The mortgage shoppers, who are looking forward to make a huge investment in the realty sector and want to seek financial help from Capital One Financial, can spot the ideal 30 year jumbo fixed rate mortgage home loans being traded at an interest price of 4.125% and an APR yield of 4.126% today. However, the relatively shorter, 15 year jumbo fixed rate mortgage loan schemes can be acquired at an interest rate of 3.500% and an APR yield of 3.502% today.
When it comes to flexible home financing options, the interest customers can find the best 5 year adjustable rate mortgage home loans coming out at a starting interest rate of 3.000% and carrying an annual percentage yield of 2.8395 today. On the other hand, the more flexible, 7 year adjustable rate home loans can be locked in at an interest rate of 3.375% and an annual return of 3.041% on the initial amount of home loan taken from the bank.
The interest rates published by the banks normally go up and down depending upon the changes experienced by the mortgage backed financial instruments, which are dependent on the stock market movements. As the Wall Street plummeted by the end of the trading day and left the DJIA index wandering at 15337.70, the bank moved in the same direction and quoted its mortgage interest rates for today. However, irrespective of the home loan rates, the stock price of the COF shares gained some strength and closed at a new and a higher price point of 67.60, after a spike of +0.88%, 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.