Mortgage Interest Rates are Holding Steady at Capital One on June 16, 2014

To start with, in standard, long term home financing section, the eligible mortgage shoppers can spot the 30 year fixed rate mortgage options being traded at an interest rate of 4.250% and carrying an annual percentage rate of 4.279% today. In the relatively shorter lending section, 15 year fixed rate mortgage home loan deals are being quoted at an interest rate of 3.375% and an annual return rate of 3.442% this Monday.The potential home buyers, who are seeking ideal finances to have their pricey realty investments financed through Capital One Financial, can opt for the jumbo versions of 30 year fixed rate mortgage home loan packages, which are now published in the bank’s books at an interest rate of 4.375% and are backed by an annual percentage return of 4.389% today. The borrowers, who are interested in securing short term deals, can spot the best 15 year jumbo fixed rate mortgage home loan options being listed at an interest rate of 3.750% today and an APR yield of 3.792%.

For the mortgage shoppers, who are looking forward to enjoy more flexibility in terms of interest rates, the bank is offering its best 5 year adjustable rate mortgage home loans at a starting interest rate of 3.125% and an annual yield of 2.906% to start with. The more flexible, 7 year adjustable rate mortgage packages are now up for grabs at an interest rate of 3.125% and an APR yield of 2.906% on the principal amount of home loan acquired from the bank.

The mortgage home loan rates quoted by banks often move up and down on the basis of alternations in the prices of mortgage backed bonds and securities, which are known to move along the stock market movements. As the Wall Street lost ground towards the end of the trading day and left the DJIA index at a lower level of 15337.70, the bank followed its footsteps for quoting its lending rates. However, the stock price of COF shares experienced a hike of +0.88% and reached a new price mark of 67.60 today.