Capital One Financial Quotes Improved Mortgage Interest Rates on June 17, 2014

To begin with, in the standard, long term home loan division, the 30 year fixed rate mortgage home loans are coming out at an improved interest rate of 4.125% and an annual percentage rate of 4.164% today. In the relatively shorter home loan section, the 15 year fixed rate mortgage home loan offerings can be locked in at an interest price of 3.375% and an annual percentage rate of 3.442% this Tuesday.For the mortgage shoppers, who are seeking ideal finances for funding their expensive realty investments from Capital One bank, jumbo variants of its popular 30 year fixed rate mortgage home loans would serve as perfect options at an interest rate of 4.250% and an annual percentage yield of 4.274%, which is higher than the annual return yield offered by traditional home loans. In the short term home financing section, 15 year jumbo fixed rate mortgage home loans are up for grabs at an interest rate of 3.750% and an APR yield of 3.774% today.

When it comes to securing required home finances at flexible interest rates, the popular 5 year adjustable rate mortgage loans are coming out at a starting interest rate of 3.125% and an APR yield of 2.906% today. The more flexible, 7 year adjustable rate mortgage home loans can now be locked in by bearing an interest price of 3.250% and an APR yield of 3.006% during the initial years of the home loan period.

The mortgage interest rates quoted by banks move up and down on the basis of changes in the prices of mortgage backed financial bonds and securities, which are known to follow the path of stock market on a usual  trading day. As the market plummeted towards the end of the trading day, leaving the DJIA index at 15337.70, the bank moved along the same path blindly and quoted its mortgage interest rates accordingly. Irrespective of the mortgage rates, the stock price of COF shares increased and closed at a new price mark of 67.60 after a hike of +0.88%.