Moving along the same lines, the popular US based mortgage lender, Capital One Financial Corp (NYSE: COF), decided to make no pleasant or unpleasant changes to its benchmark 30 year fixed mortgage interest rates on July 8, 2014. The qualified borrowers, who are planning on securing ideal home loan deals from Capital One Financial, will find no change in the fixed as well as flexible lending rates today.This Tuesday, in the standard, long term home financing section, the 30 year fixed rate mortgage home loan offerings are now listed against an interest rate of 4.250% and an annual percentage rate of 4.279%. The relatively shorter, 15 year fixed rate mortgage home loan packages can now be secured by bearing an interest price of 3.375% and an annual percentage rate of 3.442% today.For the borrowers, who are interested in funding their expensive realty investments through Capital One Financial, can now opt for the jumbo variants of the popular 30 year fixed rate mortgage home loan plans, which are now traded at an interest price of 4.625% and an annual percentage yield of 4.639%, which is certainly higher than the APR yield offered by the non-jumbo home loan deals. In the short term lending section, the 15 year jumbo fixed rate mortgage plans can be seen coming out at an interest rate of 4.000% and an annual return rate of 4.024% this Tuesday.
As far as the flexible rate home loan plans are concerned, the interested borrowers can spot the 5 year adjustable rate mortgage home loan packages being traded at an interest price of 3.125% and an annual percentage rate of 2.916%. For the borrowers interested in more flexible home loan deals, the bank is now offering 7 year adjustable rate mortgage home loans at an interest rate of 3.250% and an annual percentage rate of 3.016% today.
The mortgage home loan rates published by the bank are normally affected by the upward and downward movement in the prices of mortgage backed financial bonds and securities, which, on a normal trading day, are move along the stock market movements. As the stock market waned towards the end of the trading day, leaving the DJIA index at 15337.70, Capital One Financial moved along the same path and quoted its interest rates accordingly. Regardless of the mortgage interest rates, the stock price of COF shares increased by +0.88% and reached a new price point of 67.60 today.
