Where several mortgage providers opting to stay along their usual course and publish same interest rates, Capital One Financial Corp (NYSE: COF) thought of doing something different and published improved benchmark 30 year fixed mortgage interest rates on April 24, 2014. This Thursday, the mortgage shoppers will find the ideal fixed and flexible home loan deals coming out at lower interest rates, thereby making the COF mortgage products more popular in the market.
As per the most up to date mortgage information made available by the bank, the standard, long term, 30 year fixed rate mortgage home loan deals are being traded at reduced interest rate of 4.250% and are carrying an annual percentage yield of 4.253% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans are now up for grabs at an interest rate of 3.500% and an APR yield of 3.506% this Thursday.
When it comes to financing an expensive real estate investment, the jumbo versions of 30 year fixed rate mortgage loans seem to be the perfect option at an interest rate of 4.250% and an annual percentage rate of 4.251%. However, in the short term lending section, the 15 year jumbo fixed rate mortgage home loan plans are being advertised at a lending rate of 3.875%, while being followed by an APR yield of 3.877% today.
As far as loans for the borrowers, who are interested in getting flexible rates of interest, are concerned, the adjustable rate mortgage deals offered by Capital One bank would serve as a perfect match to specific needs and wants of the potential home buyers. The customers can now secure the 5 year adjustable rate mortgage loans at a starting interest rate of 3.000% and an APR yield of 2.839% to start with. However, the more flexible options, the 7 year adjustable rate mortgage loans are being traded at an interest rate of 3.375% and an APR yield of 3.041% today.
The mortgage interest rates quoted by banks always move up and down depending upon the price changes experienced by mortgage backed financial instruments, which are known to move in the direction of stock market on any normal trading day. As the stock market lost its ground towards the end of the trading day and left DJIA index at 15337.70, Capital One moved in the same direction for quoting its mortgage interest rates. However, irrespective of the home loan rates, the stock price of COF shares increased by +0.88% and closed at 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.