Today’s Mortgage Interest Rates at Capital One – June 9, 2014

Taking a detour from its usual pathway, the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF), made some minor changes to its benchmark 30 year fixed mortgage interest rates on June 9, 2014. At the beginning of this new trading week, the potential home buyers, who plan on securing ideal finances from Capital One bank, will find some alterations in the fixed and flexible home loan rates today.To start with, in the standard, long term home financing section, the 30 year fixed mortgage home loan plans are now published at an interest rate of 4.125% and are carrying an annual percentage rate of 4.153% this Monday. The mortgage shoppers, who find 30 years to be a long period for home loans and consider it an expensive affair, can shop for the short term, 15 year fixed rate mortgage home loan plans, which are now coming out at an interest price of 3.250% and an APR yield of 3.335% today.

The potential home buyers, who are looking forward to fund their expensive home purchase through exclusive home loan packages offered by Capital One bank, can opt for the jumbo variants of 30 year fixed rate mortgage home loan deals, which are now traded at a lending price of 4.250% and an APR yield of 4.264%. The relatively shorter, 15 year jumbo fixed rate mortgage home loans can now be locked in at an interest rate of 3.750% and an annual return rate of 3.774% today.

As far as flexible home lending options are concerned, the interested borrowers can go for the best 5 year adjustable rate mortgage home loan packages, which are available at an interest rate of 3.000% and an annual return rate of 2.862% today. For the seekers of more flexible home loans, 7 year adjustable rate mortgage plans are being listed in the loan portfolio at a starting interest price of 3.125% and an annual percentage yield of 2.968% to start with.

The mortgage interest rates published by banks are normally affected by the fluctuation in prices of mortgage backed bonds and securities, which are traded by banks in the financial markets, and are known to follow the stock market movements. As Wall Street lost its ground by the end of the trading day, leaving the DJIA index at 15337.70, Capital One followed its movements and quoted its mortgage interest rates accordingly. Regardless of the interest rates, stock prices of COF shares spiked by +0.88% and reached a new price mark of 67.60 today.