Since the realty bubble burst, the mortgage lending industry has been facing regular ups and downs in its regular operations, with the lenders finding it hard to offer stable mortgage interest rates to the customers. However, there are certain mortgage lenders, like Capital One Financial Corp (NYSE: COF), who still manage to find a safe haven and offer stable mortgage rates to the borrowers.
As per the new home loan sheets released by the US based lender on January 22, 2014, the benchmark 30 year fixed mortgage interest rates remained unchanged at 4.375% and are backed by an annual percentage rate of 4.378% for the borrowers interested in the standard, long term financing options. However, the relatively shorter, 15 year fixed rate mortgage home loan plans can be had at a lending rate of 3.500% and an APR yield of 3.506% today.
The mortgage shoppers who are looking forward to finance their expensive home investment from Capital One Financial can lock in the best, 30 year jumbo fixed rate mortgage home loan deals at an interest rate of 4.625% and an APR yield of 4.626%, which is a bit higher in comparison to the non-jumbo lending options. However, the 15 year jumbo fixed rate mortgage deals can be acquired at an interest price of 4.000% and an APR yield of 4.002% today.
As far as the flexible lending department is considered, the bank publishes its best variable rate home loan packages at impressive interest and return rates. The best 5 year adjustable rate mortgage home loans deals can be had at an interest rate of 3.125% and an APR yield of 2.965% to start with. On the other hand, the more flexible, 7 year adjustable rate mortgage packages are coming out at a starting rate of 3.500% and an APR yield of 3.167%.
The regular fluctuations in the mortgage interest rates published by banks is a result of ups and downs experienced by the mortgage backed financial securities, which are affected by the stock market movements on a normal trading day. As the stock market plummeted by the end of the trading day and closed at a reduced DJIA index of 15337.70, Capital One moved along the same path for quoting its interest rates. Irrespective of the lending rates, the stock price of COF shares improved by +0.59 and crossed a higher 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.