The potential home buyers, who are looking forward to finance their pricey home investments through Capital One bank, can now opt for the jumbo versions of its popular 30 year fixed rate mortgage home loans, which can be seen advertised at lending cost of 4.375% and backed by an annual return rate of 4.389%. Alternatively, the shorter, 15 year counterparts of the 30 year jumbo fixed rate home loan packages can now be seen tagged at an interest cost of 3.875% and an annual percentage yield of 3.899%.
When it comes to flexible lending options, the interested customers can find the best 5 year adjustable rate mortgage deals being listed at an interest rate of 3.000% and carrying an APR yield of 2.872% during the starting years of the home loan period. The more flexible, 7 year adjustable rate mortgage loans are now up for grabs at an interest rate of 3.125% and an APR yield of 2.968% on the principal amount of home loan sanctioned by the bank.
The lending rates quoted by banks are normally affected by favorable and unfavorable changes in the prices of mortgage related financial bonds and securities, which normally move along the stock market sentiments. As expected, Capital One followed the stock market’s movement, and with a fall of -0.73% in the DJIA index, quoted its mortgage interest rates today. Irrespective of mortgage interest rates, the stock price of COF shares increased by +0.59 price points and closed at a new mark of 67.60 this Monday.
The post Current Mortgage Interest Rates Remain Firm at Capital One Financial on July 14, 2014 appeared first on Morning Ledger.