The conventional new home as well as the refinancing loans crept up the charts of Capital One Financial Corp (NYSE: COF) on Friday, November 22, 2013. The benchmark 30 year fixed mortgage rates took a higher ground today, leaving the potential borrowers with the trouble of postponing their loan procurement plans or sign up a deal with the elevated interest rates.
Looking at the latest rate chart of the US based mortgage lender, the best 30 year fixed rate mortgage deals are charged against an interest rate of 4.250% and yield an annual percentage yield of 4.279% today. The 15 year fixed rate mortgages, on the other hand, are quoted at a higher rate of interest of 3.375% and come with an APR yield of 3.424%.
For the seekers of bigger financing deals, Capital One Financial includes 30 year Jumbo fixed rate home loan plans in its portfolio at a rate of 4.500% and brings along an APR yield of 4.514%. The shorter, 15 year Jumbo fixed rate mortgage plans come at an interest charge of 3.750% and are backed by an APR yield of 3.774%.
In the adjustable rate mortgage division, the US based lender provides 5 year ARM deals at an interest rate of 3.000%, along with an annual percentage yield of 2.945%. The 7 year category loans are available for those who are willing to bear an interest charge of 3.375% and are fine with the APR yield of 3.133%.
Until now, Capital One Financial’s insiders have sold over $64 Million in November. The insider trading numbers have decreased in comparison to the previous months, but they are still significantly higher and capable enough to affect the markets. In the beginning of May, the bank shows an insider selling worth $94.4 Million and now, it quoted a figure of $64.3 Million so far for the month of November.
The value of this sale can be divided among several major shareholders, including the CEO, Chairman and the President of the Capital One Financial Corp, Richard Fairbank. If the number of shares is to be considered, the value of insiders selling equals to more than 1.3 Million shares so far. During the same time period, options worth more than 732000 shares have roughly been exercised, which solely accounts for about 50% of the total amount of insider sale and leaves the other 50% unaccounted for.
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.