Despite shaking the mortgage rate charts of several other mortgage providers operating in the US, this Thursday did not bring along any pleasant or unpleasant change in the fixed and flexible home loan rates published by Capital One Financial Corp (NYSE: COF). The potential home loan borrowers, who plan on approaching the front desk executives at Capital One on February 13, 2014, will be pleased to see the benchmark 30 year fixed mortgage interest rates hanging around the same spot as yesterday.
Starting with the standard, long term offerings, the eligible mortgagors can acquire the 30 year fixed rate mortgage packages by bearing an interest price of 4.250% and agreeing to an annual percentage rate of 4.253% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan deals can be secured at an interest cost of 3.375% and an annual return rate of 3.381% this Thursday.
The potential home buyers, who are planning on having their expensive home investments financed through Capital One Financial, can go for the ideal 30 year jumbo fixed rate mortgage home loan packages, which are now being advertised at an interest rate of 4.125% and an annual return of 4.126% today. Alternatively, the borrowers interested in acquiring short term deals, can spot the best 15 year jumbo fixed rate mortgage home loan options coming out at an interest rate of 3.500% today and are carrying an APR yield of 3.502%.
For the mortgage shoppers, who are looking forward to lock in ideal home loan deals at variable interest rates, the bank is currently offering its best 5 year adjustable rate mortgage home loans at a starting interest rate of 3.000% and an annual yield of 2.839% to begin with. However, the more flexible, 7 year adjustable rate mortgage packages can be locked in at an interest price of 3.375% and an APR yield of 3.041% on the initial amount of home loan taken from the bank.
The mortgage home loan rates published by banks are often affected by the alternations in the prices of mortgage backed bonds and securities, which normally trail the stock market movements. As the stock markets lost ground by the end of the trading day and left the DJIA index sitting at a lower level of 15337.70, the bank moved in the same direction for quoting its mortgage home loan rates. However, the stock price of COF shares registered a hike of +0.88% and touched a new price point 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.