In the exclusive home financing division, the potential borrowers, who are interested in financing their expensive home investments through Capital One, can spot jumbo variants of the popular 30 year fixed rate mortgage deals being traded at an interest rate of 4.125% and carrying an annual return rate of 4.149%, which is higher than the rates offered by non-jumbo loans available with the bank. However, the short term, 15 year jumbo fixed rate mortgage home loan plans are now being traded at an interest rate of 3.625% and are accompanied by an APR yield of 3.667% today.
For the mortgage shoppers, who are interested in more variable interest rates, the bank offers its best, 5 year, adjustable rate mortgage home loan plans at a starting interest rate of 3.000% and an annual return rate of 2.862% on the principal amount of home loan taken from the bank. In the more flexible lending zone, 7 year adjustable rate mortgage deals are listed next to an interest rate of 3.250% and an APR yield of 3.006% during the initial years of the home loan tenure.
The interest rates published by banks normally move up and down on the basis of changes experienced by the mortgage backed financial bonds and securities, which normally follow the stock market movements. As the stock market waned by the end of the trading day, leaving the DJIA index behind at 15337.70, Capital One moved in the same direction and quoted its mortgage interest rates. However, the stock price of COF shares experienced a hike of +0.59 and reached a new price mark of 67.60.
The post Daily Mortgage Rates Update at Capital One Financial on May 27, 2014 appeared first on Morning Ledger.