This Wednesday, after experiencing unvarying changes over the past few days, the benchmark 30 year fixed mortgage interest rates are enjoying a steady run at Capital One Financial Corp (NYSE: COF). The borrowers, who are interested in securing the ideal fixed and flexible home loan deals, will find no relative change in the lending rates at which they are being traded at Capital One bank on March 5, 2014.
Starting off with the long term offerings of Capital One Financial, the standard 30 year fixed rate mortgage options are now being advertised at the same lending rate of 4.250% and are backed by an annual percentage rate of 4.253% today. However, for the borrowers interested in taking the short route to finance their home purchase, the bank offers its ideal 15 year fixed rate mortgage home loans at an interest rate of 3.375% and an APR yield of 3.381% today.
The mortgage shoppers, who are planning on making expensive realty investments and are hoping to have them financed through Capital One bank, the 30 year jumbo fixed rate mortgage home loan deals would be an ideal pick at an interest price of 4.250% and an annual percentage yield of 4.251% today. However, in the short term lending division, the jumbo versions of 15 year fixed rate mortgage deals can be locked in at an interest rate of 3.750% and an APR yield of 3.752%.
In the adjustable rate mortgage home loan department, the interested customers can spot the ideal 5 year variable rate home loan schemes coming out at a starting interest rate of 2.875% and backed by an APR yield of 2.796%. Alternatively, the mortgage shoppers, who are interested in enjoying more flexibility in terms of lending rates, can find the 7 year adjustable rate mortgage home loans being published at an interest rate of 3.250% and an APR yield of 2.983% to begin with.
The mortgage interest rates quoted by the banks are generally affected by the regular changes experienced by the prices of mortgage backed bonds and securities traded in the financial markets, which normally track the stock market movements on a normal trading day. As the stock market waned towards the end of the trading day and left the DJIA index at 15337.70, Capital One moved along the same direction and published its mortgage home loan rates. Regardless of changes in the mortgage rates, the stock price of the COF shares moved up by +0.88% and closed at a new price mark of 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.