At the beginning of a new week, the benchmark 30 year fixed mortgage interest rates didn’t show any major movement at the Capital One Financial Corp (NYSE: COF). As per the new mortgage information released by the bank on January 20, 2014, the home purchase and refinancing loan options are being traded at the same interest rates as yesterday, thereby bringing about no change in the demand of Capital One loan products in the mortgage market.
In the standard, long term home loan division, the mortgage shoppers can find the 30 year fixed rate mortgage home loans coming out at an interest rate of 4.375% and carrying an annual percentage rate of 4.378% today. However, the shorter, 15 year fixed rate mortgage home loan deals can be locked in at an interest rate of 3.500% and an APR yield equivalent to 3.506% today.
The borrowers who are looking forward to have their pricey home investments financed through Capital One Financial can find the best 30 year jumbo fixed rate mortgage home loan options being published in the bank’s books at an interest rate of 4.625% and an APR yield of 4.626%. Alternatively, the shorter, 15 year jumbo fixed rate home loan packages can be acquired by paying an interest cost of 4.000% and enjoying an APR yield of 4.002% today.
In the adjustable rate home loan section, the bank offers its best 5 year deals at a starting interest charge of 3.125% and an annual return of 2.965% today. However, the seekers of more flexible loan options can spot the 7 year adjustable rate mortgage home loans coming out at a lending price of 3.500% and carrying an APR yield of 3.167% to start with.
Normally, all the mortgage home loans, both new purchase and refinancing, go up and down depending upon the changes in the price of mortgage backed securities traded in the financial markets, which follow the movements of the stock market on any normal trading day. As the stock market fell down by -113.35 and the DJIA index closed at a new mark of 15337.70, Capital One followed the same path for quoting its mortgage interest rates. However, regardless of its mortgage rates, the stock price of COF shares improved by +0.88% and closed at a new price point 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.