At the beginning of a new trading week, the US based mortgage provider, Capital One Financial Corp (NYSE: COF), quoted same, unchanged benchmark 30 year fixed mortgage interest rates for its potential customers. The most recent mortgage charts, released by the bank on September 8, 2014, highlights the ideal home purchase home loan packages being traded at the same interest rates as yesterday.
A closer look at the most up to date mortgage data will reveal that the standard, long term, 30 year fixed rate mortgage home loan deals are still traded at an interest rate of 4.125% and are backed by an annual percentage rate of 4.178% this Monday. The relatively shorter and less expensive, 15 year fixed rate mortgage home loan plans can now be seen listed against an interest rate of 3.375% and are backed by an APR yield of 3.466%.
For the seekers of exclusive financing options, Capital One Financial offers jumbo versions of its popular 30 year fixed rate home loan plans at a lending rate of 4.375% and an annual percentage yield of 4.397% at the beginning of this week. The short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans can now be acquired by bearing an interest rate of 3.375% and are carrying by an APR yield of 3.466%.
When it comes to adjustable rate mortgage options, the US based mortgage provider currently offers its 5 year variable rate home loan deals at a starting interest price of 3.000% and an annual percentage yield of 2.977% during the initial years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage home loans are now being traded at an interest rate of 3.125% and an annual return rate of 3.049% to begin with.
The mortgage interest rates quoted by banks often move up and down on the basis of fluctuations in the prices of mortgage backed bonds and securities traded in the financial markets, which are known to follow the movements of stock market. As the Wall Street plummeted towards the end of the trading day and left the DJIA index at 15337.70, Capital One Financial moved along the same line and published its home loan interest rates. Regardless of the lending rates, the stock prices of COF shares increased 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.