As of now, the standard, long term, 30 year fixed rate mortgage home loan plans are advertised at an interest rate of 4.125% and are backed by an annual percentage rate of 4.128%. As per the most up to date mortgage information, the short term, 15 year fixed rate mortgage home loans are also coming out at the same interest rates of 3.375% and an annual return rate of 3.381% this Monday.
For the potential home buyers, who are planning on having their expensive home purchase financed through Capital One’s exclusive mortgage options, jumbo versions of the popular 30 year fixed rate mortgage packages would be an ideal pick at an interest rate of 4.250% and an annual percentage yield of 4.251%, which is certainly higher than the non-jumbo home loans offered by the bank. In the short term home financing section, 15 year jumbo fixed rate mortgage home loan deals can be locked in at an interest rate of 3.750% and an APR yield of 3.752%.
The customers, who are looking forward to enjoy variable rates of interests, can opt for the ideal, 5 year adjustable rate mortgage home loans, which are now traded at a starting interest rate of 3.000% and an APR yield of 2.839% to start with. The seekers of more flexible home loan rates can acquire the 7 year adjustable rate home loans dealing with a lending charge of 3.250% and agreeing to an APR yield of 2.983%.
The mortgage interest rates published by banks often move up and down depending upon the changes experienced by the prices of mortgage backed bonds and securities traded in the financial markets, which follow the movements of stock market closely. As the Wall Street plummeted by the end of the trading day and left the DJIA index at 15337.70, Capital One moved in the same direction for quoting its interest rates. Regardless of the mortgage interest rates, the stock prices of COF shares increased by +0.88% and moved up at a new price point of 67.60.
The post Mortgage Interest Rates Experienced No Movement at Capital One on May 12, 2014 appeared first on Morning Ledger.