After enjoying a high flight last week, the benchmark 30 year fixed mortgage interest rates experienced no change at Capital One Financial (NYSE: COF) on December 23, 2013. At the beginning of the new festive week, the bank made some minor changes to the new home purchase and refinancing loans, thereby continuing to keep up with the demand of loans in the market.
As of now, the standard, long term, 30 year fixed rate mortgage deals are traded at a rate of 4.500% and come along with an annual percentage rate of 4.503% as per the new mortgage charts published by the lender. However, the 15 year fixed rate mortgage home loans can be acquired by bearing an interest charge of 3.625% and agreeing to an annual return rate of 3.631% today.
For the borrowers who are seeking financial help of the bank for their big home projects, Capital One Financial offers the 30 year jumbo fixed rate mortgage packages at a lending charge of 4.750% and an APR yield of 4.751%, which is a bit higher in comparison to the non-jumbo home loans. In the short term loaning section, the 15 year jumbo home loan deals can be spotted sitting next to an interest rate of 4.000% and an APR yield of 4.002%.
The customers who want to enjoy variable rates of interests, the 5 year adjustable rate mortgage home loans can be acquired at an interest cost of 3.250% and an APR yield of 3.008% today. On the other hand, the more flexible, 7 year ARM loans can be acquired by paying a lending charge of 3.625% and an APR yield of 3.226%.
The mortgage interest rates of new home purchase loans and refinancing options often fluctuate depending upon the ups and downs in the rates of the mortgage backed bonds and securities traded in the financial markets, which are normally affected by the movements in the stock market.
As the Wall Street plummeted by the end of the trading day by -113.35 and left the DJIA index hanging at 15337.70, Capital One Financial walked along the same path for publishing its mortgage interest rates. However, regardless of the mortgage interest rates, the stock prices of Capital One’s shares rose up by +0.59 and closed at a new price mark of 67.60 by 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.