The eligible borrowers, who are planning on dropping by the local branches of Capital One Financial Corp (NYSE: COF) today, will find a pleasant dip in the benchmark 30 year fixed mortgage interest rates. As per the most up to date mortgage information released by the bank on April 10, 2014, the interested borrowers can find the ideal fixed and flexible home loan deals being traded at improved interest rates in comparison to yesterday, which might prove to be a deal breaker in the present day competitive realty lending market.
Today, the potential home buyers will have to deal with an interest cost of 4.250% and agree to an annual percentage rate of 4.253% for securing the standard, long term, 30 year fixed rate mortgage home loan plans. On the other hand, the relatively shorter, 15 year counterparts of the 30 year fixed rate mortgage home loan plans can be locked in at an interest rate of 3.500% and an annual percentage yield equivalent to 3.506%.
The mortgage shoppers, who are planning on investing in an expensive new home and are seeking financial assistance from Capital One Bank, can opt for the jumbo versions of its popular 30 year fixed rate mortgage home loan options, which are now being traded at an interest rate of 4.375% and being backed by an APR yield of 4.376% today. However, the short term, 15 year jumbo fixed rate home loan options can secured at an interest cost of 3.875% and an annual return rate of 3.877% this Thursday.
Moving ahead to the adjustable rate mortgage financing division, the interested customers can find the best 5 year variable rate home loans coming out at a starting interest rate of 3.000% and an APR yield of 2.839% on the principal amount of loan taken from the bank. On the other hand, the more flexible, 7 year adjustable rate mortgage home loans are up for grabs at an interest price of 3.375% and an annual return of 3.041% during the starting years of the loan tenure.
The interest rates quoted by banks normally fluctuate depending upon the rise and fall in the prices of mortgage financial bonds and securities, which move along with the movement in the stock markets. As the Wall Street waned and left the DJIA index stranded at 15337.70, Capital One moved along same path blindly for publishing its mortgage interest rates. However, the stock price of COF shares increased by +0.88% and crossed a new price mark of 67.60 towards the end of the trading.
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.