According to the new mortgage rate charts made available in the market on March 31, 2014, the US based mortgage lender, Capital One Financial Corp (NYSE: COF), is trading its best fixed and flexible home loan deals at the same interest rates. Today, the eligible borrowers, who are planning on visiting the local branches of Capital One bank in search of ideal home finances, will find no relative change in the benchmark 30 year fixed mortgage interest rates today.
Today, in the standard, long term home financing division, the bank is charging an interest price of 4.375% from, and offering an annual percentage return equivalent to 4.378% to, the borrowers, who are interested in securing the 30 year fixed rate mortgage home loans. On the other hand, from the seekers of relatively shorter, 15 year fixed rate home financing deals the bank charges a lending cost of 3.500% and offers an annual yield of 3.506% today.
Heading towards the exclusive home lending section, the bank caters to the needs of borrowers, who are looking forward to have their expensive home purchase investments being financed by Capital One bank, can reap the benefits of the jumbo versions of 30 year fixed rate mortgage deals, which are now being traded at an interest rate of 4.250% and are offering an annual percentage return of 4.251% today. However, the short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage schemes can be locked in at an interest rate of 3.875% and an APR yield of 3.877% this Monday.
As far as the flexible home loan deals are concerned, the bank is currently offering its impressive 5 year adjustable rate mortgage options at a starting interest rate of 3.000% and an annual return rated of 2.839% on the basic amount of home loan sanctioned by the bank. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan options are now up for grabs at an interest rate of 3.375% and an APR yield of 3.041% during the starting years of the home loan.
Mortgage rates published by banks often move up and down due to fluctuations experienced by the prices of mortgage backed financial bonds and securities, which are known to move along the stock markets on any normal trading day. As the stock market waned towards the end of the trading day, leaving the DJIA index hanging around 15337.70, Capital One moved in the same direction for publishing its lending rates. However, irrespective of the mortgage rates, the stock price of COF shares increased by +0.59 and reached 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.